China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical players engaged in the development, manufacture and sale of modified plastics primarily for automotive applications, today announced the results of the Company's Annual General Meeting, which was held on February 11, 2020, at 9:00 am Beijing time (February 10, 2020 at 8:00 pm U.S. Eastern Time) in Harbin, Heilongjiang Province, China. The Company's shareholders approved the following proposals as recommended by the Company's Board of Directors:
HARBIN, China , Oct. 3, 2019 /PRNewswire/ -- China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical companies ...
China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, announced today the drawdown of US$135 million of loan financing pursuant to the facility agreement entered into on October 2, 2019, among others, Xinda Holding (HK) Company Limited and a consortium of banks led by the Industrial and Commercial Bank of China (Macau) Limited (the "Facility Agreement"). The full amount has been utilized to refinance certain of Xinda Holding (HK) Company Limited's outstanding debts, as well as to pay fees, costs and expenses relating to the refinancing.
China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that it has received the formal notification from the Listing Qualifications Department of The NASDAQ Stock Market ("NASDAQ"), informing the Company that it has regained compliance with Listing Rule 5605 (the "Rule"), the independent director requirement for continued listing on The NASDAQ Stock Market, with the appointment of two independent directors, Guanbao Huang and Huiyi Chen.
If you're interested in China XD Plastics Company Limited (NASDAQ:CXDC), then you might want to consider its beta (a...
Today we are going to look at China XD Plastics Company Limited (NASDAQ:CXDC) to see whether it might be an attractive...
China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today provided an update on the impact of the coronavirus outbreak on its business and operations.
Jie Han became the CEO of China XD Plastics Company Limited (NASDAQ:CXDC) in 2008. This report will, first, examine...
China XD Plastics Company Limited (NASDAQ: CXDC) (the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that its board of directors (the "Board") has formed a special committee (the "Special Committee") consisting of three independent and disinterested directors, Linyuan Zhai, Huiyi Chen and Guanbao Huang, with Huiyi Chen serving as the chairperson of the Special Committee, to consider and evaluate the previously announced preliminary non-binding "going private" proposal received by the Board on May 8, 2020. The Special Committee has been authorized by the Board with the power to retain independent advisors, including independent legal and financial advisors, to assist it in its review and evaluation of the proposed transaction.
China XD Plastics Company Limited (NASDAQ: CXDC) (the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that its board of directors (the "Board") has received a preliminary and non-binding proposal letter, dated May 7, 2020, from (i) Mr. Jie Han ("Mr. Han"), the Company's Chairman and Chief Executive Officer, and (ii) XD. Engineering Plastics Company Limited (together with Mr. Han, the "Buyer Group"), a company incorporated in the British Virgin Islands and wholly owned by Mr. Han, proposing to acquire all of the outstanding shares of common stock (the "Shares") of the Company not currently owned by the Buyer Group in a "going-private" transaction for US$1.1 per Share in cash, subject to certain conditions. The US$1.1 per Share price represents a premium of approximately 19.6% to the closing price of the Company's Shares on May 6, 2020, a premium of approximately 19.5% to the average closing price of the Company's Shares during the last 30 trading days, and a premium of approximately 4.9% to the average closing price of the Company's Shares during the last 60 trading days.
China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical players engaged in the development, manufacture and sale of modified plastics primarily for automotive applications, today announced that Xin Li, one of the Company's independent directors and the chairman of its Audit Committee, tendered his resignation from the board of directors on January 1, 2020 for personal reason. Upon Mr. Xin Li's resignation, he also ceased to be a member of each of the Audit Committee and Nominating Committee of the Company. Feng Li, one of the Company's independent directors and the chairman of the Compensation Committee also tendered his resignation on January 1, 2020 for personal reason. Upon Mr. Feng Li's resignation, he ceased to be a member of each of the Company's Audit Committee, Compensation Committee, and Nominating Committee. On the same day, Qingwei Ma, one of the Company's executive directors, tendered his resignation from the board of directors. On January 2, the Company's Board of Directors (the "Board") appointed Huiyi Chen and Guanbao Huang to serve as directors of the Company. The Board appointed Mr. Chen as a member and the chairman of the Audit Committee and a member of the Nominating Committee of the Board. The Board also appointed Mr. Huang as a member and the chairman of the Compensation Committee and a member of the Audit Committee of the Board.
China XD Plastics Company Limited (NASDAQ: CXDC, "China XD Plastics" or the "Company"), one of China's leading specialty chemical players engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that it plans to hold its annual general meeting of shareholders (the "AGM") on or about February 11, 2020 at No.9, Nancheng 1st Road, Pingfang District, Harbin, Heilongjiang Province, China. The definitive date of the annual general meeting will be released in the proxy statement to be filed with the U.S. Securities and Exchange Commission (the "SEC"). All shareholders of record are invited to attend.
Q3 2019 China XD Plastics Company Ltd Earnings Call
China XD Plastics Company Limited (NASDAQ:CXDC) shareholders (or potential shareholders) will be happy to see that the...
-- Earnings Conference Call to be held on Thursday, November 14th, 2019 at 9:00 am (U.S. Eastern Time) / 22:00 pm (China Time) -- HARBIN, China , Nov. 7, 2019 /PRNewswire/ -- China XD Plastics Company ...
China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that it has received the formal notification from the Listing Qualifications Department of The NASDAQ Stock Market ("NASDAQ") on February 13, 2020, informing the Company that it now complies with Listing Rule 5620, which requires that the Company holds an annual meeting of shareholders within twelve months after the end of a company's financial year.
China XD Plastics Company Limited (NASDAQ: CXDC) (the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that the special committee consisting of independent directors (the "Special Committee") of its board of directors (the "Board"), formed to consider, among other things, the previously announced preliminary non-binding "going private" proposal received by the Board on May 8, 2020, has retained Duff & Phelps, LLC as its financial advisor and Hogan Lovells as its legal counsel to assist it in its review and evaluation of the proposed transaction.
China XD Plastics Company Limited (NASDAQ: CXDC) ("China XD Plastics" or the "Company"), one of China's leading specialty chemical companies engaged in the development, manufacture and sale of polymer composite materials primarily for automotive applications, today announced that it has received the formal notification from the Listing Qualifications Department of The NASDAQ Stock Market ("NASDAQ"), informing the Company that since the Company filed its definitive proxy statement with the SEC on January 14, 2020, and set February 11, 2020 as the date for its annual meeting of shareholders for the fiscal year ended December 31, 2018, it has been granted an extension until February 18, 2020, to regain compliance with Listing Rule 5620(a) (the "Rule"), which requires that the Company hold an annual meeting of shareholders within twelve months of the end of the Company's fiscal year end.
- Revenue of $373.2 million - - Net Income of $17.0 million - - Updating Fiscal 2019 Guidance of $1.1 - $1.3 Billion in Revenue, $70 - $90 Million in Net Income - HARBIN, China , Nov. 14, 2019 /PRNewswire/ ...
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