China Commercial Credit (CCCR) Prices Initial Public Offering; Shares to Begin Trading on NASDAQ Capital Market Today
China Commercial Credit, Inc. (NASDAQ: CCCR) (the "Company"), a microcredit company providing loans and loan guarantees to small-to-medium sized enterprises, farmers and individuals, today announced the pricing of its initial public offering of 1,370,000 shares of common stock at a price of $6.50 per share for gross proceeds of $8,905,000.
Net proceeds of approximately $7,542,600 from this offering will be used primarily to increase the Company's registered capital and corresponding lending and guarantee capacity, and for general working capital.
- Published: 14 August 2013
- Written by Editor