Client News

by Terry Wang

China's demand for clean energy has already created enormous personal wealth in the photovoltaic and wind power equipment manufacturing sectors. Burgeoning sectors such as biodiesel have yet to match up, but a few companies are hopeful that the sector will provide prodigious returns down the pike. William Chen, chief financial officer (CFO) of China Clean Energy Inc., speaks with Interfax about his company's current and future biodiesel business development plans.

By Zack Buckley

NEW YORK--George Wung, CFO of China Yida Holding, stops by to explain how the diversified entertainment company plans to become the "Disney of China," how it is taking advantage of China's current tourism trends and how he expects the company to grow in the future.

As investors try to tap China's growing consumer market, domestic tourism is a lesser known segment but one of the fastest growing.

January 19, 2010 -- China Gerui Advanced Materials Company (CHOP) celebrated the company's listing at NASDAQ Stock Market. Mr. Mingwang Lu, Chairman and CEO of the company, rang the Opening Bell at NASDAQ MarketSite in New York City.

Mr. Fengbin An, Chairman and Chief Executive Officer of Andatee China Marine Fuel Services Corporation (NASDAQ: AMCF), rang the Opening Bell at NASDAQ on Jan. 26, 2010.

TAIYUAN, China, Dec. 18 -- Puda Coal, Inc. (NYSE Amex: PUDA), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China, and one of the few coal mine consolidators appointed by the Shanxi Provincial government, today announced that the Company's subsidiary, Shanxi Puda Coal Group, Co., Ltd ("Shanxi Coal"), entered into coal mining rights and mining assets transfer agreements with Pinglu County Da Wa Coal Industry Co., Ltd ("Da Wa Coal") and Pinglu County Guanyao Coal Industry Co., Ltd. ("Guanyao Coal") on December 11, 2009, respectively.

TAIYUAN, China, Dec. 7, 2009 -- Puda Coal, Inc. (NYSE Amex: PUDA), a supplier of high grade metallurgical coking coal used to produce coke for steel manufacturing in China, today announced the closing of its 18% equity transfer agreement with Shanxi Jianhe Coal Industry Limited Company ("Jianhe Coal").

JINAN, CHINA, 01/04/10 -- Pansoft Company Limited (NASDAQ: PSOF) ("Pansoft" or the "Company"), a leading ERP software service provider for the oil and gas industry in China, today announced that it has entered into a significant software system development, expansion and integration contract with PetroChina valued at approximately $5.0 million (RMB 34.0 million) on December 30, 2009. This represents the largest single contract in the Company's history and will include system integration, expansion development, training and technical support.

JINAN, CHINA, 12/16/09 -- Pansoft Company Limited (NASDAQ: PSOF) ("Pansoft" or the "Company"), a leading ERP software service provider for the oil and gas industry in China, today announced that its board of directors has authorized a change in the Company's fiscal year to June 30 from December 31 and will change its filing status with the Securities and Exchange Commission to that of a foreign private issuer.