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Blank check company Global Cornerstone prices IPO at $10, raising $80 million

April 15, 2011

Global Cornerstone Holdings Limited, a blank check company led by former executives of China Holdings Acquisition Corp, raised $80 million by offering 8 million units at $10. Global Cornerstone Holdings Limited plans to list on the OTC BB under the symbol GCRSF-U. Citi and Deutsche Bank Securities acted as lead managers on the deal.