WUJIANG, CHINA / ACCESSWIRE / April 6, 2015 / China Commercial Credit, Inc. (NASDAQ:CCCR), a microfinance company providing financial services to small-to-medium enterprises (SMEs), farmers and individuals in Jiangsu Province, today announced that it has received a notice from The Nasdaq Stock Market informing China Commercial Credit, Inc. (the "Company") that the previously reported Nasdaq filing delinquency of the Company has been cured and that the Company is in compliance with all applicable listing standards. Therefore, the scheduled hearing before the Nasdaq Listing Qualification Hearings Panel has been cancelled.
However, trading of the Company's stock remains suspended until the staff at Nasdaq (1) determines the Company has satisfactorily responded to Nasdaq's additional requests for information and (2) reviews the Company's annual report on Form 10-K for fiscal year ended December 31, 2014. The Company is working diligently to respond to Nasdaq's requests and plans to file its 2014 annual report on Form 10-K by April 15, 2015.
About China Commercial Credit:
China Commercial Credit (http://www.chinacommercialcredit.com), founded in 2008, provides business loans and loan guarantee services to small-to-medium enterprises (SMEs), farmers and individuals in China's Jiangsu Province. Due to recent legislation and banking reform in China, these SMEs, farmers and individuals -- which historically had been excluded from borrowing funds from State-owned and commercial banks -- are now able to borrow money at competitive rates from microfinance lenders.
Investors seeking additional information on CCCR or wishing to register for company Email Alerts may go to http://www.ir-site.com/china-commercial-credit/default.asp or the Asia IR/PR client page at http://asia-irpr.com/clients/cccr/.
Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of United States securities laws. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by law, we undertake no obligation to update publicly any forward-looking statements for any reason after the date of this release to conform these statements to actual results or to changes in our expectations. You should review the factors described in the section entitled "Risk Factors" in our Form 10-Q filed with the SEC on February 17, 2015 and other documents we file from time to time with the SEC. We qualify all of our forward-looking statements by these cautionary statements.
Contact:
Jimmy Caplan
Asia IR/PR
512-329-9505
jimmy@asia-irpr.com
SOURCE: China Commercial Credit, Inc.