공시 • Feb 09
Nasdaq Stock Market to Delist the Common Stock of China XD Plastics Company The Nasdaq Stock Market announced on February 8, 2022 that it will delist the common stock of China XD Plastics Company Limited. China XD Plastics Company Limited’s common stock was suspended on October 29, 2021 and has not traded on Nasdaq since that time. Nasdaq will file a Form 25 with the Securities and Exchange Commission to complete the delisting. The delisting becomes effective ten days after the Form 25 is filed. Executive Departure • Sep 14
Independent Director Huiyi Chen has left the company On the 9th of September, Huiyi Chen's tenure as Independent Director ended after 1.7 years in the role. We don't have any record of a personal shareholding under Huiyi's name. Huiyi is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 12.54 years. 공시 • Sep 11
China XD Plastics Company Receives Nasdaq Delisting Letter and Announces Intended Appeal China XD Plastics Company Limited announced that it received a letter (the “Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) indicating that Nasdaq’s staff (the “Staff”) has determined to deny the Company’s request for continued listing on Nasdaq. The Company intends to request a hearing before a Nasdaq Hearings Panel no later than September 14, 2021 to seek an exception period in which to complete its filings and thereby regain compliance with listing standards. The Company's request for a hearing will automatically suspend the delisting of its common stock for 15 calendar days from the deadline to request a hearing, or until September 29, 2021. The Letter, dated September 7, 2021, states that the Staff has notified the Company on April 16, 2021 that it did not comply with Nasdaq’s filing requirements for continued inclusion set forth in Listing Rule 5250(c)(1) (the “Rule”) because it had not filed its Form 10-K for the fiscal year ended December 31, 2020 and notified the Company through subsequent additional delinquency notifications for failing to file its Forms 10-Q for the periods ended March 31, 2021 and June 30, 2021. The Company submitted materials to Nasdaq relating to its plan to regain compliance (the “Submission”). Based on the Staff’s review and the Submission, in addition to a telephone discussion on July 26, 2021, the Staff has determined that the Company did not provide a definitive plan evidencing its ability to achieve compliance with the Rule. 공시 • Sep 01
China XD Plastic Company Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(C)(1) China XD Plastics Company Limited announced on August 31, 2021 that as expected, it received a letter (the “Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2021 (the “Form 10-Q”) and because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “Form 10-K”). The Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market. The Letter states that the Company is required to submit a written update of the audit work and audit procedures. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 10-K to regain compliance. 공시 • May 28
China XD Plastics Receives Nasdaq Notification of Non-Compliance with Listing Rule 5250(c)(1) China XD Plastics Company Limited announced that as expected, it received a letter (the “Letter”) from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq”) notifying the Company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c)(1) as a result of not having timely filed its Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2021 (the “Form 10-Q”) and because the Company has not yet filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 (the “Form 10-K”). The Letter has no immediate effect on the listing or trading of the Company’s common stock on the Nasdaq Global Market. The Letter states that the Company is required to submit a plan to regain compliance with Rule 5250(c)(1) by June 15, 2021. If the plan is accepted by Nasdaq, then Nasdaq can grant the Company up to 180 calendar days from the due date of the Form 10-K to regain compliance. 공시 • Apr 02
China XD Plastics Company Limited announced delayed annual 10-K filing On 03/31/2021, China XD Plastics Company Limited announced that they will be unable to file their next 10-K by the deadline required by the SEC. Is New 90 Day High Low • Feb 18
New 90-day high: US$1.23 The company is up 3.0% from its price of US$1.20 on 19 November 2020. The American market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 26% over the same period. 공시 • Jan 22
Wolf Haldenstein Adler Freeman & Herz LLP Reminds Investors of the Upcoming Lead Plaintiff Deadline in the Ligation Against China XD Plastics Company Limited Wolf Haldenstein Adler Freeman & Herz LLP reminds investors that a federal securities class action lawsuit has been filed in the United States District Court for the Eastern District of New York on behalf of shareholders of China XD Plastics Company Limited for their violations of Sections 13(d) and (e), 14(a) and 20(b) of the Securities Exchange Act of 1934, in connection with the issuance of materially defective proxy materials and Schedule 13Ds and Schedule 13E3s which resulted in the approval of a cash out merger which delivered the totality of the equity of CXD to controlling insiders. China XD Plastics Company Limited is a China-based specialty chemicals company, said on November 5, 2020 that its stockholders had approved the company's agreement to go private via a planned acquisition by Faith Dawn and its Faith Horizon subsidiary. Under the deal, announced in June 2020, Faith Dawn will acquire all outstanding shares of the China XD Plastics, which focuses on polymer composite materials primarily for automotive applications, for a cash consideration then equal to $1.20 per share. If holder in shares of China XD Plastics Company Limited, may,no later than February 8, 2021, request that the Court appoint lead plaintiff of the proposed class. 공시 • Nov 18
China XD Plastics Company Limited Not Providing Earnings Guidance for the Full Year of 2020 China XD Plastics Company Limited not providing earnings guidance for the full year of 2020. As a result of the outbreak of COVID-19 in the PRC, China Auto Industry production and sales drastically decreased by 6.7% and 6.9% for the first nine months of 2020, according to the China Association of Automobile Manufacturers. It has a ripple effect and impact throughout China auto supply chain, including the Company. Due to the fact that the Company had temporarily closed some of its manufacturing facilities and offices in the PRC in accordance with the requirement of the PRC government, the ongoing COVID-19 pandemic has an ongoing material adverse effect on business operations. In light of these circumstances and continuing uncertainties, the Company will not be able to forecast its financial guidance for fiscal 2020 until further notice. 공시 • Nov 14
China XD Plastics Company Limited to Report Q3, 2020 Results on Nov 16, 2020 China XD Plastics Company Limited announced that they will report Q3, 2020 results at 7:30 AM, US Eastern Standard Time on Nov 16, 2020 Is New 90 Day High Low • Oct 20
New 90-day high: US$1.18 The company is up 2.0% from its price of US$1.16 on 22 July 2020. The American market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 15% over the same period. 공시 • Sep 13
China XD Plastics Company Limited Provides Update on Earnings Guidance for the Year of 2020 China XD Plastics Company Limited provided update on earnings guidance for the year of 2020. As a result of the outbreak of COVID-19 in the PRC China, auto industry production and sales dramatically decreased in the first half 2020. It has a ripple effect and impact throughout the auto supply chain, including the company. Due to the fact the company had temporarily closed some of its manufacturing facility and offices in PRC in accordance with the requirements of PRC regulation, the ongoing COVID-19 pandemic has an ongoing material adverse effect on business operation. In light of these circumstances and continuing uncertainties, the company will not be able to forecast its final guidance for fiscal 2020 until further notice. 공시 • Aug 12
China XD Plastics Company Limited to Report Q2, 2020 Results on Aug 14, 2020 China XD Plastics Company Limited announced that they will report Q2, 2020 results at 7:30 AM, US Eastern Standard Time on Aug 14, 2020