China Energy Corp (OTC BB:CHGY)

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All Research CFO Trail Comments & Business Outlook Investor Alert Liquidity Requirements Ownership Structure Info.Resolution of Legal Issues Share Structure

Tuesday, April 19, 2011

Substantial portions of the cost of construction of the thermoelectric plant and of the costs of expansion projects at Heat Power and the coal mine were provided by stockholder loans. Balances are detailed below:

February 28, 2011							November 30, 2010
	Amount		Interest		Total			Amount		Interest		Total
Ordos City YiYuan Investment Co., Ltd. *	$	1,361,983		424,773		1,786,756		$	1,342,433		400,855		1,743,288
Hangzhou Dayuan Group, Ltd. *		3,903,337		1,326,045		5,229,382			3,847,308		1,255,937		5,103,245
Inner Mongolia Duoyida Mining Co. Ltd. *		1,460,898		453,336		1,914,234			1,439,928		485,855		1,925,783
Total	$	6,726,218		2,204,154		8,930,372		$	6,629,669		2,142,647		8,772, 316

* Minority stockholders of Heat Power.

The loans are payable on demand and earn interest at the rate of 5.31% per annum.

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Well, I think I've seen enough to make a small investment here in CHGY. Several reasons: 1. They have never have an offering or share dilution to raise funds since their inception. They did get a $12M secured loan from China Construction... (more)

ChinaStockPicker, Tuesday, April 19, 2011