JINJIANG, China, May 23, 2016 /PRNewswire/ -- China Ceramics Co., Ltd. (NASDAQ Capital Market: CCCL) ("China Ceramics" or the "Company"), a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercial buildings, today announced the results of its Special Meeting of Shareholders (the "Meeting"), held at the Company's principal executive offices on May 23, 2016, in Jinjiang, Fujian, China.
A total of 11,460,841 common shares, representing 52.4% of the issued and outstanding common shares as of the record date for the Meeting, were represented in person or by proxy at the meeting.
At the Meeting, the Company's shareholders approved a proposal on a one-for-eight combination of all of the Company's outstanding ordinary shares and to authorize an amendment to the Company's Amended and Restated Memorandum and Articles of Association to increase the par value of the Company's shares from $0.001 per share to $0.008 per share.
The Board of Directors will determine whether to effect the share combination in the coming months.
About China Ceramics Co., Ltd.
China Ceramics Co., Ltd. is a leading manufacturer of ceramic tiles in China. The Company's ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. China Ceramics' products, sold under the "Hengda" or "HD", "Hengdeli" or "HDL", the "TOERTO" and "WULIQIAO" brands, and the "Pottery Capital of Tang Dynasty" brands, are available in over 2,000 style, color and size combinations and are distributed through a network of exclusive distributors as well as directly to large property developers. For more information, please visit http://www.cceramics.com.
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SOURCE China Ceramics Co., Ltd.