Quarterly report pursuant to sections 13 or 15(d)

DEPOSIT ON SETTING UP OF JOINT VENTURE (Details)

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DEPOSIT ON SETTING UP OF JOINT VENTURE (Details) (USD $)
Sep. 30, 2013
Dec. 31, 2012
Deposit for an asset interest acquisition and investment in a proposed Indonesia joint venture $ 0 $ 6,090,302 [1]
Merchant Supreme [Member]
   
Deposit for an asset interest acquisition and investment in a proposed Indonesia joint venture $ 0 $ 6,090,302
[1] Represents the consolidation retrospectively restated as if Pingtan Marine Enterprise Ltd. (formerly known as China Growth Equity Investment Limited) completed its merger with China Dredging Group Co., Ltd. and the share purchase of Merchant Supreme Co., Ltd. on January 1, 2012 rather than on February 25, 2013. Assets and liabilities of discontinued operations are retrospectively restated as of December 31, 2012 after taking into account of the Group’s plan to sell China Dredging Group Co., Ltd. and its subsidiaries to the Company’s Chairman, CEO and major shareholder, Mr Xinrong Zhuo.