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EX-32.1 - EXHIBIT 32.1 - China Water Group, Inc.ex32_1apg.htm
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EX-31.2 - EXHIBIT 31.2 - China Water Group, Inc.ex31_2apg.htm
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v2.4.0.6
NOTE 12 - DUE TO RELATED COMPANIES
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
NOTE 12 - DUE TO RELATED COMPANIES

NOTE 12 – DUE TO RELATED COMPANIES

 

As of December 31, 2011 and 2010, the balance due to related companies was $288,555 and $3,115,298, respectively. The balance as of December 31, 2011 represents financing obtained from Beijing Zhao Cheng Chuang Zhan Investment Company Limited (“BJZC”) while the balance as of December 31, 2010 represents financing obtained from Guang Dong Xin Sheng Environmental Protection Company Limited (“GDXS”) and Beijing Zhao Cheng Chuang Zhan Investment Company Limited (“BJZC”). Mr. Pu, the Chairman of the Board, has equity interests in both companies. All amounts are non-interest-bearing, unsecured and repayable on demand.