China Ceramics Announces Corporate Name Change to Antelope Enterprise Holdings Limited
China Ceramics Co., Ltd. is changing its name to Antelope Enterprise Holdings Limited, effective October 15, 2020. This rebranding reflects a strategic shift towards computer consulting and fintech software development, aiming to enhance its growth. The name change has been approved by shareholders during the February 2020 Annual Meeting. Antelope will trade under the new ticker symbol 'AEHL' on the Nasdaq. The company’s diverse portfolio includes ceramic tiles and management consulting services, with products sold under various established brands.
- Corporate rebranding to Antelope Enterprise Holdings Limited aligns with the new strategic focus on software development.
- Shareholder approval indicates confidence in the company's transition.
- Expansion into fintech could provide new growth avenues.
- None.
JINJIANG, Fujian Province, China, Oct. 14, 2020 /PRNewswire/ -- China Ceramics Co., Ltd. (NASDAQ Capital Market: CCCL) ("China Ceramics" or the "Company"), a diversified company that manufactures ceramic tiles used in residential and commercial buildings, and engages in computer consulting and software development in China, today announced its name change to Antelope Enterprise Holdings Limited ("Antelope"). With the corporate name change, beginning on October 15, 2020, the Company's shares will continue trading on the Nasdaq Stock Market under a new ticker symbol "AEHL"; the new CUSIP number associated with the name change is G041JN106.
"With the continued development and transformation of the Company's commercial focus, our Board concluded that it is in the best interest of the Company to change our name to reflect our change in strategy and branding," said Ms. Meishuang Huang, Chief Executive Officer of Antelope. "Our diversification strategy into computer consulting and fintech software development is intended to fuel our growth, and we plan to enact positive changes in our core building materials business as well."
The Company's shareholders approved the name change proposal at their February 2020 Annual Meeting. The Company's new website is www.aehltd.com.
About Antelope Enterprise Holdings Limited
Antelope Enterprise Holdings Limited ("Antelope") is a diversified company that manufactures ceramic tiles used in residential and commercial buildings and engages in computer consulting and software development in China. The Company's ceramic tiles are used for exterior siding, interior flooring, and design in residential and commercial buildings. Antelope's products are 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. Its subsidiary Chengdu Future Talented Management and Consulting Co, Ltd. provides business management and consulting. Its subsidiary Antelope Holdings (Chengdu), Co., Ltd. provides fintech solutions which includes the development of blockchain software. For more information, please visit http://www.aehltd.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties, including statements relating to the Company's ability to, among other things, successfully design, deploy and pursue this expansion strategy, the Company's ability to complete any agreements with new customers in the markets in question and add to its overall growth. Actual events or results may differ materially from the Company's expectations. Factors that could cause actual results to differ materially from those stated or implied by the Company's forward-looking statements are disclosed in its filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's judgment as of the time of this release. The Company disclaims any intent or obligation to update these forward-looking statements, other than as may be required under applicable law.
View original content:http://www.prnewswire.com/news-releases/china-ceramics-announces-corporate-name-change-to-antelope-enterprise-holdings-limited-301151718.html
SOURCE China Ceramics Co., Ltd.
FAQ
What is the new name for China Ceramics Co., Ltd.?
When will the name change to Antelope Enterprise Holdings Limited take effect?
What is the new ticker symbol for Antelope Enterprise Holdings Limited?
What does Antelope Enterprise Holdings Limited focus on?
When was the name change approved by shareholders?
