0001213900-16-016813.txt : 20160915 0001213900-16-016813.hdr.sgml : 20160915 20160915163041 ACCESSION NUMBER: 0001213900-16-016813 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20160912 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160915 DATE AS OF CHANGE: 20160915 FILER: COMPANY DATA: COMPANY CONFORMED NAME: China Commercial Credit Inc CENTRAL INDEX KEY: 0001556266 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 454077653 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36055 FILM NUMBER: 161887441 BUSINESS ADDRESS: STREET 1: NO 890, YONGKANG ROAD STREET 2: WUJIANG DISTRICT CITY: SUZHOU, JIANGSU PROVINCE STATE: F4 ZIP: 215200 BUSINESS PHONE: 86-0512 6396-0022 MAIL ADDRESS: STREET 1: NO 890, YONGKANG ROAD STREET 2: WUJIANG DISTRICT CITY: SUZHOU, JIANGSU PROVINCE STATE: F4 ZIP: 215200 8-K 1 f8k091216_chinacommercial.htm CURRENT REPORT

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): 

September 15, 2016 (September 12, 2016)

 

China Commercial Credit, Inc.

(Exact name of registrant as specified in its charter)

 

Delaware   001-36055   45-4077653
(State or other jurisdiction
of incorporation)		   (Commission File Number)   (IRS Employer
Identification No.)

 

No. 1688, Yunli Road, Tongli

Wujiang, Jiangsu Province

People’s Republic of China

(Address of Principal Executive Offices)

 

 (86-0512) 6396-0022

(Issuer’s telephone number)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 
 

 

Item 8.01. Other Events.

 

On July 6, 2016, China Commercial Credit, Inc. (the "Company") received a written notification from the NASDAQ Stock Market Listing Qualifications Staff indicating that the Company has regained compliance with the $1.00 minimum closing bid price requirement for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) as the closing bid price of the Company’s common stock has been at $1.00 per share or greater for at least 10 consecutive business days.

 

On September 12, 2016, the Company received another written notification from the NASDAQ Stock Market Listing Qualifications Staff indicating that the Company has regained compliance with the minimum market value of listed securities requirements for The NASDAQ Capital Market pursuant to Listing Rule 5550(b)(2) (the “ Market Value of Listed Securities Requirement”) as the market value of Company’s listed securities has been $35,000,000 or greater for 10 consecutive business days.

 

On September 15, 2016, the Company issued a press release announcing that the Company has regained compliance with both the Minimum Bid Price Requirement and the Market Value of Listed Securities Requirement, a copy of which is attached hereto as Exhibit 99.1.

  

Item 9.01 Financial Statements and Exhibits

 

(d) The following exhibits are filed with this report.

 

Exhibits Number    
99.1   Press Release

 

2
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  CHINA COMMERCIAL CREDIT, INC.
     
 Date: September 15, 2016 By: /s/ Long Yi
  Name: Long Yi
  Title: Chief Financial Officer

 

 

3

 

 EX-99.1 2 f8k091216ex99i_chinacomm.htm PRESS RELEASE

Exhibit 99.1

 

China Commercial Credit Regains Compliance With NASDAQ Bid Price Requirement and Rules with Respect to Market Value of Listed Securities

 

WUJIANG, CHINA, September 15, 2016 - China Commercial Credit, Inc. (NasdaqCM: CCCR) (the "Company"), a microfinance company providing financial services to small-to-medium enterprises (SMEs), farmers and individuals in Jiangsu Province, is pleased to announce that it has regained compliance with Nasdaq's minimum bid price requirement and market value of listed securities requirement.

 

On July 6, 2016, China Commercial Credit, Inc. (the "Company") received a written notification from the NASDAQ Stock Market Listing Qualifications Staff indicating that the Company has regained compliance with the $1.00 minimum closing bid price requirement for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”) as the closing bid price of the Company’s common stock has been at $1.00 per share or greater for at least 10 consecutive business days.

 

On September 12, 2016, the Company received another written notification from the NASDAQ Stock Market Listing Qualifications Staff indicating that the Company has regained compliance with the minimum market value of listed securities requirements for The NASDAQ Capital Market pursuant to Listing Rule 5550(b)(2) (the “ Market Value of Listed Securities Requirement”) as the market value of Company’s listed securities has been $35,000,000 or greater for 10 consecutive business days.

 

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.

 

Safe Harbor Statement

 

This press release may contain certain "forward-looking statements" relating to the business of China Commercial Credit, Inc. and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements." These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

 

For more information, please contact:

Mr. Long Yi, Chief Financial Officer

China Commercial Credit, Inc.

Tel: +86 13584802352

Email: 13584802352@139.com