0000876661-16-001355.txt : 20161025
0000876661-16-001355.hdr.sgml : 20161025
20161025100351
ACCESSION NUMBER: 0000876661-16-001355
CONFORMED SUBMISSION TYPE: 25-NSE
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20161025
DATE AS OF CHANGE: 20161025
EFFECTIVENESS DATE: 20161025
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: GENERAL STEEL HOLDINGS INC
CENTRAL INDEX KEY: 0001239188
STANDARD INDUSTRIAL CLASSIFICATION: STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
IRS NUMBER: 412079252
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 25-NSE
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33717
FILM NUMBER: 161949491
BUSINESS ADDRESS:
STREET 1: LEVEL 2, BUILDING G
STREET 2: NO. 2A CHEN JIA LIN, BA LI ZHUANG
CITY: CHAOYANG DISTRICT, BEIJING
STATE: F4
ZIP: 100025
BUSINESS PHONE: 86-10-57757691
MAIL ADDRESS:
STREET 1: LEVEL 2, BUILDING G
STREET 2: NO. 2A CHEN JIA LIN, BA LI ZHUANG
CITY: CHAOYANG DISTRICT, BEIJING
STATE: F4
ZIP: 100025
FORMER COMPANY:
FORMER CONFORMED NAME: AMERICAN CONSTRUCTION CO
DATE OF NAME CHANGE: 20030605
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW YORK STOCK EXCHANGE LLC
CENTRAL INDEX KEY: 0000876661
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FILING VALUES:
FORM TYPE: 25-NSE
BUSINESS ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
BUSINESS PHONE: 212-656-2060
MAIL ADDRESS:
STREET 1: 11 WALL STREET
CITY: NEW YORK
STATE: NY
ZIP: 10005
FORMER COMPANY:
FORMER CONFORMED NAME: NEW YORK STOCK EXCHANGE INC
DATE OF NAME CHANGE: 19910628
25-NSE
1
primary_doc.xml
X0203
0000876661
NEW YORK STOCK EXCHANGE LLC
1239188
GENERAL STEEL HOLDINGS INC
001-33717
Level 2, Building G
No. 2A Chen Jia Lin
Beijing
100025
+86-10-57757691
Common Shares
17 CFR 240.12d2-2(b)
Benjamin Sawyer
Manager
2016-10-25
EX-99.25
2
ruleprovisionnotice.htm
NOTIFICATION OF THE REMOVAL FROM LISTING AND REGISTRATION OF THE STATED SECURITIES
New York Stock Exchange LLC ('NYSE' or the 'Exchange') hereby notifies the Securities and Exchange Commission (the 'Commission') of its intention to remove the entire class of Common Stock (the 'Common Stock') of General Steel Holdings, Inc. (the 'Company') from listing and registration on the Exchange at the opening of business on November 7, 2016, pursuant to the provisions of Rule 12d2-2(b) because, in the opinion of the Exchange, the Common Stock is no longer suitable for continued listing and trading on the Exchange. The Exchange is taking this action because the Company fell below the continued listing standard requiring a listed company to maintain either (i) at least $50 million in stockholders' equity or (ii) at least $50 million in total market capitalization on a 30 trading day average basis.
1. Section 802.01B of the NYSE Listed Company Manual states, in part, that the Exchange will promptly delist a security of either a domestic or non-U.S. issuer when the issuer's average global market capitalization over a consecutive 30 trading-day period is less than $50,000,000 and, at the same time stockholders’ equity is less than $50,000,000.
2. The Exchange, on July 18, 2016, determined that the Common Stock should be suspended from trading after the close on July 18, 2016, and directed the preparation and filing with the Commission of this application for the removal of the Common Stock from listing and registration on the Exchange. The Company was notified by phone and letter on July 18, 2016.
3. Pursuant to the above authorization, a press release was issued on July 18, 2016 and an announcement was made on the 'ticker' of the Exchange at the close of the trading session regarding the proposed suspension of trading in the Common Stock. Similar information was included on the Exchange's website. Trading in the Common Stock was suspended at the close of trading on July 18, 2016.
4. The Company had a right to appeal to the Committee for Review (the 'Committee') of the Board of Directors of NYSE Regulation, the determination to delist the Common Stock, provided that it filed a written request for such a review with the Secretary of the Exchange within ten business days of receiving notice of the delisting determination. On August 1, 2016 the Exchange received a letter from the Company to request a hearing before the Committee. The hearing was held on October 13, 2016.
5. On October 20, 2016, the Committee issued a decision that affirmed the determination of NYSE Regulation to delist the Common Stock. Consequently, all conditions precedent under SEC Rule 12d2-2(b) to the filing of this application have been satisfied.