China Ceramics Regains Compliance with NASDAQ Listing Requirements
JINJIANG, Fujian Province, China, March 16, 2015 /PRNewswire/ -- China Ceramics Co., Ltd. (NASDAQ Global Market: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced that it has regained compliance with the listing requirements of the NASDAQ Global Market.
As previously reported, the Company received a letter, dated November 12, 2014, from the Listings Qualifications department of The Nasdaq Stock Market ("NASDAQ") stating that for the previous 30 consecutive business days the bid price of the Company's ordinary shares closed below the minimum bid price of $1.00 per share for continued listing set forth in Nasdaq Listing Rule 5450(a)(1). The Company was provided a 180 day period by NASDAQ to regain compliance.
On March 16, 2015, the Company received a letter from NASDAQ stating that since the closing bid of the Company's common stock has been $1.00 per share or more for 10 consecutive business days, from February 27, 2015 to March 12, 2015, they determined that the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) and that this matter is now closed.
About China Ceramics Co., Ltd.
China Ceramics Co., Ltd. is a leading manufacturer of ceramic tiles in China. The Company's ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. China Ceramics' products, sold under the "Hengda" or "HD", "Hengdeli" or "HDL", the "TOERTO" and "WULIQIAO" brands, and the "Pottery Capital of Tang Dynasty" brands, are available in over 2,000 style, color and size combinations and are distributed through a network of exclusive distributors as well as directly to large property developers. For more information, please visit http://www.cceramics.com.
Contact Information:
China Ceramics Co., Ltd. |
Precept Investor Relations LLC |
Edmund Hen, Chief Financial Officer |
David Rudnick, Account Manager |
Email: [email protected] |
Email: [email protected] |
Phone: +1 917-864-8849 |
SOURCE China Ceramics Co., Ltd.
Share this article