Shareholders Foundation, Inc.

China XD Plastics Co Ltd (NASDAQ:CXDC) Investor Alert: Investigation over Possible Violations of Securities Laws

An investigation for investors in China XD Plastics Co Ltd (NASDAQ:CXDC) shares over potential securities laws violations by China XD Plastics was announced and NASDAQ:CXDC stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com

 
Repost This

San Diego, CA -- (SBWIRE) -- 07/15/2014 -- An investigation on behalf of investors of China XD Plastics Co Ltd (NASDAQ:CXDC) shares over potential securities laws violations by China XD Plastics and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of China XD Plastics Co Ltd (NASDAQ:CXDC) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of China XD Plastics Co Ltd (NASDAQ:CXDC) concerning whether a series of statements by China XD Plastics regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

China XD Plastics Co Ltd reported that its annual Total Revenue rose from $249.82 million in 2010 to over $1.05 billion in 2013 and that its respective Net Income increased from $28.84 million to $13384 million. Shares of China XD Plastics Co Ltd (NASDAQ:CXDC) grew from $3.52 per share in September 2012 to as high as $12.20 per share in June 2014.

Then on July 10, 2014, a report was released asserting that China XD Plastics Co Ltd had filed reports with regulators in China that showed materially smaller amounts of revenue and net income for fiscal years 2010, 2011 and 2012, than its filings in the U.S. with the Securities Exchange Commission (“SEC”).

Shares of China XD Plastics Co Ltd (NASDAQ:CXDC) declined from over $12 in June to $5.33 per share on July 10, 2014.

On July 11, 2014, NASDAQ:CXDC shares closed at $6.32 per share.

Those who purchased shares of China XD Plastics Co Ltd (NASDAQ:CXDC) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com