General Steel Regains Compliance with NYSE Listing Requirement for Minimum Share Price
General Steel Regains Compliance with NYSE Listing Requirement for Minimum Share Price
BEIJING, Oct. 4, 2012 /PRNewswire/ -- General Steel Holdings, Inc. ("General Steel" or the "Company") (NYSE: GSI), one of China's leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced that it has regained compliance with minimum share price criteria required by the New York Stock Exchange ("NYSE") for continued listing of the Company's shares.
北京，2012年10月4日/美通社/--通用鋼鐵控股有限公司(“通用鋼鐵”或“本公司”)(紐約證券交易所：GSI中國領先的非國有鋼鐵產品生產商和國內鋼鐵企業的集團公司之一)今天宣佈，它已重新符合紐約證券交易所(NYSE)對公司股票繼續上市所要求的最低股價標準。
As previously disclosed, the Company received a notice from the NYSE on March 30, 2012 that its common shares closed with an average bid price below $1.00 for 30 consecutive trading days, the threshold requirement for continued listing of the Company's shares on the NYSE. The Company was granted a cure period of six months in order to regain compliance with the requirement for continued listing set forth in section 802.01C of the NYSE's Listed Company Manual.
正如此前披露的那樣，公司於2012年3月30日收到紐約證券交易所的通知，其普通股連續30個交易日以低於1.00美元的平均出價收盤，這是本公司股票繼續在紐約證券交易所上市的門檻要求。本公司獲給予六個月的治療期，以重新遵守紐約證券交易所上市公司手冊第802.01C節所載有關繼續上市的規定。
On October 2, 2012, the Company received confirmation from the NYSE that it had regained compliance with continued listing standards under section 802.01C after its average closing share price for the 30 trading days ended September 30, 2012 and its closing price on September 30, 2012 exceeded $1.00.
於二零一二年十月二日，本公司接獲紐約證券交易所確認，於截至二零一二年九月三十日止30個交易日之平均收市價及二零一二年九月三十日收市價超過1.00美元后，已重新符合第802.01C條之持續上市標準。
The Company continues to work toward regaining compliance with the NYSE listing standard under Section 802.01E related to the filing of its Annual Report on Form 10-K for the year ended December 31, 2011 ("Annual Report"). The Company is working diligently with its independent registered public accountant, PricewaterhouseCoopers Zhong Tian CPAs Limited Company ("PwC") to complete the audit for the Annual Report and file the Annual Report as soon as possible.
本公司繼續致力於恢復遵守第802.01E節有關提交截至二零一一年十二月三十一日止年度的10-K表格年報(“年報”)的紐約證券交易所上市標準。本公司正與其獨立註冊會計師普華永道中天會計師事務所有限公司(“普華永道”)共同努力，儘快完成年報審核並提交年報。
About General Steel Holdings, Inc.
通用鋼鐵控股公司簡介
General Steel Holdings, Inc., (NYSE: GSI), headquartered in Beijing, China, operates a diverse portfolio of Chinese steel companies. With 7 million metric tons of crude steel production capacity under management, its companies serve various industries and produce a variety of steel products including rebar, high-speed wire and spiral-weld pipe. General Steel Holdings, Inc. has steel operations in Shaanxi and Guangdong provinces, Inner Mongolia Autonomous Region and Tianjin municipality. For more information, please visit www.gshi-steel.com.
總部設在中國北京的通用鋼鐵控股公司(紐約證券交易所市場代碼：GSI)經營着多種中國鋼鐵公司的投資組合。該公司管理着700萬噸粗鋼產能，服務於各個行業，生產包括螺紋鋼、高速線材和螺旋焊管在內的各種鋼材產品。通用鋼鐵控股有限公司在陝西、廣東、內蒙古自治區和天津市都有鋼鐵業務。欲瞭解更多信息，請訪問www.gshi-steel.com。
To be added to the General Steel email list to receive Company news, please send your request to generalsteel@tpg-ir.com.
要添加到General Steel電子郵件列表以接收公司新聞，請將您的請求發送到General Steel@tpg-ir.com。
Forward-Looking Statements
前瞻性陳述
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Actual results could differ materially from those projected in the forward-looking statements as a result of inaccurate assumptions or a number of risks and uncertainties. These risks and uncertainties are set forth in the Company's filings under the Securities Act of 1933 and the Securities Exchange Act of 1934 under "Risk Factors" and elsewhere, and include: (a) those risks and uncertainties related to general economic conditions in China, including regulatory factors that may affect such economic conditions; (b) whether the Company is able to manage its planned growth efficiently and operate profitable operations, including whether its management will be able to identify, hire, train, retain, motivate and manage required personnel or that management will be able to successfully manage and exploit existing and potential market opportunities; (c) whether the Company is able to generate sufficient revenues or obtain financing to sustain and grow its operations; (d) whether the Company is able to successfully fulfill our primary requirements for cash; and (e) other risks, including those disclosed in the Company's Annual Report on Form 10-K, filed with the Securities and Exchange Commission. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
本新聞稿可能包含“1995年私人證券訴訟改革法”所指的某些前瞻性陳述。這些陳述是基於管理層目前對未來事件的預期或信念，以及基於目前掌握的信息而做出的財務、政治和社會趨勢和假設。公司不能保證管理層在準備這些前瞻性陳述時所作的任何期望、預測或假設將被證明是準確的，或者任何預測將會實現。由於不準確的假設或一些風險和不確定因素，實際結果可能與前瞻性陳述中預測的結果大不相同。這些風險和不確定因素在公司根據1933年證券法和1934年證券交易法提交的文件中“風險因素”和其他方面列出，包括：(A)與中國總體經濟狀況有關的風險和不確定因素，包括可能影響這些經濟狀況的監管因素；(B)公司是否能夠有效地管理其計劃中的增長和經營盈利業務，包括其管理層是否能夠識別、聘用、培訓、留住、激勵和管理所需的人員，或者管理層是否能夠成功地管理和開發現有和潛在的市場；(B)公司是否能夠有效地管理其計劃中的增長並經營盈利業務，包括其管理層是否能夠識別、聘用、培訓、留住、激勵和管理所需的人員，或者管理層是否能夠成功地管理和開發現有的和潛在的市場(C)該公司能否產生足夠的收入或取得足夠的融資，以維持及發展其業務；。(D)該公司能否成功滿足我們對現金的主要需求；及。(E)其他風險，包括該公司在年報中披露的10-K表格所披露的風險。, 提交給美國證券交易委員會(Securities And Exchange Commission)。本文中包含的前瞻性陳述僅表示截至本新聞稿發佈之日的情況。公司不承擔公開更新或修改任何前瞻性陳述的義務，無論這些前瞻性陳述是否反映新信息、未來事件或其他情況。
Contact Us
聯繫我們
In China:
在中國：
Jenny Wang
王珍妮
General Steel Holdings, Inc.
通用鋼鐵控股公司
Tel: +86-10-5879-7346
電話：+86-10-5879-7346
Email: jenny.wang@gshi-steel.com
電子郵件：jenny.wang@gshi-steel.com
In the US:
在美國：
Joyce Sung
宋祖兒(Joyce Sung)
General Steel Holdings, Inc.
通用鋼鐵控股公司
Tel: (347) 534-1435
電話：(347)534-1435
Email: joyce.sung@gshi-steel.com
電子郵件：joyce.Song@gshi-steel.com
The Piacente Group, Inc.
The Piacente Group，Inc.
Investor Relations
投資者關係
Brandi Floberg or Lee Roth
布蘭迪·弗洛伯格或李·羅斯
Tel: (212) 481-2050
電話：(212)481-2050
Email: generalsteel@tpg-ir.com
電子郵件：General alsteel@tpg-ir.com
SOURCE General Steel Holdings, Inc.
來源：通用鋼鐵控股公司
譯文內容由第三人軟體翻譯。