General Steel Regains NYSE Compliance; Provides Update on Strategic Focus
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General Steel Holdings (GSI) Regains NYSE Listing Compliance; Plans Streamlining
November 13, 2015 6:47 AM ESTGeneral Steel Holdings (NYSE: GSI) announced that it has regained compliance with the continued listing standard of the New York Stock Exchange (the "NYSE") relating to a minimum average share price of at least $1.00 over a 30 trading-day period. The Company's Board of Directors (the "Board") has also authorized the Company's management to investigate and pursue the potential sale of all its ownership in Maoming Hengda Steel Company, Ltd. ("Maoming Hengda") and Shaanxi Longmen Iron and Steel Co., Ltd. ("Longmen Joint Venture") in order to unlock the hidden value in Maoming Hengda's land assets,... More
