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TMCNet:  INVESTOR ALERT: Class Action Lawsuit Against China Ceramics Co., Ltd. Filed By Glancy Binkow & Goldberg LLP

[June 16, 2014]

INVESTOR ALERT: Class Action Lawsuit Against China Ceramics Co., Ltd. Filed By Glancy Binkow & Goldberg LLP

LOS ANGELES --(Business Wire)--

Glancy Binkow & Goldberg LLP, representing investors of China Ceramics Co., Ltd. ("China Ceramics" or the "Company") (NASDAQ:CCCL), has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the "Class") comprising all purchasers of China Ceramics common stock between March 30, 2012 and May 1, 2014, inclusive (the "Class Period").

Please contact Glancy Binkow & Goldberg LLP, toll-free at (888) 773-9224 or at (212) 682-5340, or by email to shareholders@glancylaw.com to discuss this matter.

China Ceramics is based in the People's Republic of China and is a leading Chinese manufacturer of ceramic tiles used for exterior siding and for interior flooring and design in residential and commercil buildings. The Complaint alleges that the Company misrepresented or failed to disclose material weakness in the Company's internal control over financial reporting and the risk of writedowns of its assets.


On November 13, 2013, the Company announced its financial results for third quarter 2013, and disclosed a substantial asset writedown of property, plant and equipment. Then, on May 1, 2014, NASDAQ announced a halt in trading of the common shares of China Ceramics pending "additional information requested." Also on May 1, 2014, the Company filed with the Securities and Exchange Commission a notification of the Company's inability to timely file its annual report with the SEC (News - Alert) for the year ended December 31, 2013.

If you are a member of the Class described above, you may move the Court no later than August 5, 2014, to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


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