Current Report Filing (8-k)
March 07 2018 - 11:31AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C.
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): March 7, 2018 (February 28, 2018)
CHINA COMMERCIAL CREDIT, INC.
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(Exact name of registrant as specified in its charter)
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Delaware
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001-36055
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45-4077653
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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No.1 Zhongying Commercial Plaza,
Zhong Ying Road,
Wujiang, Suzhou,
Jiangsu Province, China
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(Address of principal executive offices)
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(86-0512) 6396-0022
(Issuer’s telephone
number)
N/A
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(Former name or former address, if changed since last report.)
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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:
¨
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))
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
¨
If an emerging growth company, indicate by
check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial
accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Item 3.01.
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Notice of Failure to Satisfy a Continued Listing Rule or Standard.
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On February 28, 2018, China Commercial Credit,
Inc. (the “
Company
”) (NASDAQ: CCCR) received a letter (the “
Notification Letter
”) from The
NASDAQ Stock Market LLC (“
Nasdaq
”) notifying the Company that it is not in compliance with the minimum Market
Value of Listed Securities (MVLS) requirement set forth in Nasdaq Listing Rule 5550(b)(2) for continued listing on the Nasdaq Capital
Market. Nasdaq Listing Rule 5550(b)(2) requires listed securities to maintain a minimum MVLS of $35 million. Nasdaq Listing Rule
5810(c)(3)(C) provides that a failure to meet a minimum MVLS exists if the deficiency continues for a period of 30 consecutive
business days. Based upon Nasdaq’s review of the Company’s MVLS for the last 30 consecutive business days, the Company
no longer meets the minimum MVLS requirement. The Nasdaq staff noted the Company also does not meet the requirements under Listing
Rules 5550(b)(1) and 5550(b)(3).
The Notification Letter does not impact the
Company’s listing on the Nasdaq Capital Market at this time. In accordance with Nasdaq Listing Rule 5810(c)(3)(C), the Company
has been provided 180 calendar days, or until August 27, 2018, to regain compliance with Nasdaq Listing Rule 5550(b)(2).
The Company intends to promptly evaluate options
available to regain compliance and to timely submit a plan to regain compliance. There can be no assurance that the Company’s
plan will be accepted or that, if it is, the Company will be able to regain compliance with the applicable Nasdaq listing requirements.
1
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.
Dated: March 7, 2018
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CHINA COMMERCIAL CREDIT, INC.
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By:
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/s/
Long Yi
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Name:
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Long Yi
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Title:
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Chief Financial Officer
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2
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