|[July 10, 2014]
INVESTOR ALERT: Investigation of China XD Plastics Company Limited Announced by Glancy Binkow & Goldberg LLP
LOS ANGELES --(Business Wire)--
Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of China
XD Plastics Company Limited ("China XD Plastics" or the "Company")
(NASDAQ:CXDC) concerning possible violations of federal securities laws.
The investigation focuses on certain statements issued by the Company
concerning China XD Plastics' financial performance.
Please contact us at 310-201-9150, or at firstname.lastname@example.org
to discuss this matter. If you inqure by email please include your
mailing address, telephone number and number of shares purchased.
China XD Plastics is a specialty chemical company engaged in the
research, development, manufacture and sale of modified plastics
products, primarily for fabrication of automobile parts and components,
in the People's Republic of China. The investigation is related to a
July 10, 2014, report by Bleecker Street Research alleging that China XD
Plastics' revenue and net income for fiscal years 2010 through 2012
claimed in its Chinese regulatory filings are materially smaller than in
its filings with the Securities and Exchange Commission. The report also
questions China XD Plastics' gross margins relative to its competitors,
and further alleges that the Company's chief financial officer has been
linked to financial fraud at another Chinese public company.
If you purchased China XD Plastics securities, if you have information
or would like to learn
more about these claims, or if you have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Lesley Portnoy, Esquire, of Glancy Binkow &
Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067, at 646-539-8980, by e-mail to email@example.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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