TAIYUAN, China, September 7, 2011 /PRNewswire-Asia-FirstCall/ -- On September 1, 2011 the staff of the United States Securities and Exchange Commission (the "SEC") informed Ming Zhao, the Chairman of the Board of Puda Coal, Inc., through a Wells Notice confirming an August 31, 2011 telephone conversation, of the SEC staff's intention to recommend that the SEC file a civil action in federal court against Mr. Zhao, alleging that Mr. Zhao violated certain provisions of the federal securities laws. The staff of the SEC has offered Mr. Zhao the opportunity to make a written or videotaped submission setting forth any reasons of law, policy or fact why he believes a civil action should not be brought, or bringing any facts to the SEC's attention in connection with its consideration of the matter.
