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CHINA COMMERCIAL CREDIT INC FILES (8-K) Disclosing Termination of a Material Definitive Agreement, Unregistered Sale of Equity Securities

August 15, 2014



Item 1.02 Termination of a Material D efinitive Agreement

On July 28, 2014, China Commercial Credit, Inc. (the "Company") entered into a Share Subscription Agreement (the "Subscription Agreement") and an Investor's Rights Agreement with Langworth Holdings Limited in connection with a proposed private placement offering (the "Offering") of 6,123,406 shares of common stock of the Company.

Pursuant to the terms of the Subscription Agreement, the Company was permitted to terminate the Subscription Agreement in the event the Offering was not consummated by August 15, 2014. Since the transaction has not been consummated as of August 15, 2014, the Company has terminated the Subscription Agreement and the Offering.

No shares of common stock of the Company were issued pursuant to the Subscription Agreement.

Item 3.02 Unregistered Sales of Equity Securities.

The information set forth above in Item 1.02 of this current report on Form 8-K is incorporated herein by reference in its entirety.


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Source: Edgar Glimpses


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