L & L Financial Holdings said it plans to apply for listing on the NASDAQ stock exchange. The Seattle company is currently listed on the over-the-counter bulletin board exchange. It was found by Dickson Lee, shown here, who you might like to consider an Old China Hand.

Mr. Lee was an executive of KPMG (New York) and Director of Finance for NYNEX (now Verizon) Asia Pacific operations in 1993. Dickson served as a judicial member of the Hong Kong SEC Insider Dealing Tribunal (a trial court) for six years.

According to the company’s website, L & L serves ‘as a bridge to connect business between the U.S. and China.’ It has offices in Seattle and in Shenzhen, Kunming and Liuzhou in China and has 400 employees.

According to the web site: ‘The company is aggressively acquiring established growing energy entities and coal mines, using its American management skills, U.S. accounting and finance knowledge to take advantage of growing China markets.’ The Company recruited Kong Ling-Min, Senior Geological Engineer, to strengthen its mining operations. Mr. Kong is to supervise the Tian-Ri Coal Mine in Yunnan Province of China.

The Tian-Ri Coal Mine has a government exploration permit and with a coal reserve of an estimated 53 million tons of high grade coal and an estimated $7.3 billion value.
Source: Puget Sound Business Journal