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Stock Market & Financial Investment News

News Breaks
July 14, 2014
08:36 EDTGSIGeneral Steel announces 5M shares private placement at $1.50 per share
General Steel has entered into a definitive Subscription Agreement for a private placement of its common stock, par value 0.1c per share, with Henry Yu, the company's Chairman and CEO. The gross proceeds from the private placement will be approximately $7.5M and the company intends to use the proceeds to fund its expansion into high-growth bulk commodity e-commerce. The investor purchased from the company and the company issued and sold to the Investor 5M shares of Common Stock at a purchase price of $1.50 per share for an aggregate amount of $7.5M. The private placement is expected to close in July.
News For GSI From The Last 14 Days
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October 15, 2014
08:02 EDTGSIGeneral Steel and Tewoo Group to co-develop bulk commodity e-commerce
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October 9, 2014
08:34 EDTGSIGeneral Steel regains compliance with NYSE listing requirement
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