China XD Plastics Approved to List on the Nasdaq Global Market
November 16 2009 - 8:00AM
PR Newswire (US)
HARBIN, China, Nov. 16 /PRNewswire-Asia-FirstCall/ -- China XD
Plastics Company Ltd. ("China XD Plastics" or the "Company"),
(OTC:CXDCOTC: NASDAQ:OTC:CXDC) (BULLETIN BOARD: CXDC, NASDAQ: CXDC)
, the largest Chinese manufacturer in the development, manufacture,
and distribution of modified plastics primarily for use in
automotive applications in China, today announced it has been
approved to list its common stock on the Nasdaq Global Market.
China XD Plastics expects its shares to begin trading on the Nasdaq
on November 27, 2009, until which time its common stocks will
continue to trade on the Over the Counter Bulletin Board. The
trading symbol for China XD Plastics will remain "CXDC". "We are
delighted to join the Nasdaq Global Market and be part of a select
group that includes some of the world's most distinguished
companies," said Mr. Jie Han, the Chairman and CEO of China XD
Plastics. "This is an important milestone for our business which
will contribute to increasing our visibility in the global
financial markets and provide us with access to capital to grow our
business and deliver lasting value to our shareholders." About
China XD Plastics Company Ltd. China XD Plastics Company Ltd.,
through its wholly owned subsidiary Harbin Xinda Macromolecule
Material ("Xinda"), develops, manufactures, and distributes
modified plastics, primarily for automotive applications. The
Company's specialized plastics are used in the exterior and
interior trim and in the functional components of more than 30
automobile brands manufactured in China including Audi, Red Flag,
Volkswagen and Mazda. The Company's wholly- owned research
institute is dedicated to the research and development of modified
plastics, and benefits from the cooperation with well-known
scientists from prestigious universities in China. As of September
30, 2009, 137 products that Xinda manufactured have been certified
for use by one or more of the automobile manufacturers in China.
For more information please visit http://www.chinaxd.net/ . Safe
Harbor Statement This announcement contains forward-looking
statements within the meaning of the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. All statements
other than statements of historical fact in this announcement are
forward-looking statements, including but not limited to, the
Company's ability to increase the number of certifications; the
Company's ability to introduce new product applications for
automobiles; the effectiveness, profitability, and the
marketability of its products; the Company's ability to
successfully expand its production capacity; the company's ability
to protect its proprietary information; general economic and
business conditions; the volatility of the company's operating
results and financial condition; the company's ability to attract
or retain qualified senior management personnel and research and
development staff; and other risks detailed in the company's
filings with the Securities and Exchange Commission and available
on its website at http://www.sec.gov/. These forward-looking
statements involve known and unknown risks and uncertainties and
are based on current expectations, assumptions, estimates and
projections about the companies and the industry. The company
undertakes no obligation to update forward-looking statements to
reflect subsequent occurring events or circumstances, or to changes
in its expectations, except as may be required by law. Although the
company believes that the expectations expressed in these forward
looking statements are reasonable, they cannot assure you that
their expectations will turn out to be correct, and investors are
cautioned that actual results may differ materially from the
anticipated results. For more information, please contact: China XD
Plastics Company Ltd. Mr. Taylor Zhang, CFO Phone: +1-212-747-1118
(New York) Mr. Allan Lao, IR Director Phone: +86-451-8434-6600
(China) Email: CCG Investor Relations Inc. Mr. Crocker Coulson,
President Phone: +1-646-213-1915 (New York) Mr. Ed Job, CFA Phone:
+1-646-213-1914 (New York) Email: Web: http://www.ccgirasia.com/
DATASOURCE: China XD Plastics Company Ltd. CONTACT: Mr. Taylor
Zhang, CFO, +1-212-747-1118 (New York), or Mr. Allan Lao, IR
Director, +86-451-8434-6600 (China), both of China XD Plastics
Company Ltd., ; or Mr. Crocker Coulson, President, +1-646-213-1915
(New York), or Mr. Ed Job, CFA, +1-646-213-1914 (New York), , both
of CCG Investor Relations Inc., for China XD Plastics Company Ltd.
Web site: http://www.chinaxd.net/
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