NYSE to suspend trading in General Steel HoldingsStaff Writer | July 18, 2016
The New York Stock Exchange (NYSE) has determined to commence proceedings to delist the common stock of General Steel Holdings from the NYSE.
Going out At least $50 million in equity was needed
The Exchange had accepted the company’s plan to regain compliance with this requirement within a maximum 18 month period.
NYSE Regulation reached its decision to delist the common stock because the Company was unable to demonstrate that it had regained compliance with the applicable listing standard by the expiration of its 18 month plan period. ■