- The NYSE says it is delisting General Steel (NYSE:GSI), effective immediately; shares are halted.
- GSI had previously been deemed below compliance with the NYSE's continued listing standard requiring listed companies to maintain at least $50M in stockholders equity or total market capitalization on a 30 trading day average basis.
- The NYSE says it is delisting GSI because the company did not regain compliance with the listing standard within 18 months and is delayed in its SEC filings for FY 2015 and Q1 2016.