China Power Equipment, Inc (CPQQ)

[ALERTS100%to10000%GAIN]

CPQQ~~~Contractual Obligations


As of March 31, 2011, we were committed to equipment purchase contracts of $2,507,290. The cash commitment remaining for these contracts is $2,000,580 which is payable upon the progress of the equipment installation.


We prepaid $203,050 for the land use right of the new plant and are obligated to pay the remaining balance of $106,869 upon receiving the land use right certificate.




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