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Gulf Resources, Inc. Regains Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-12-02 13:45
Core Points - Gulf Resources, Inc. has regained compliance with Nasdaq's Listing Rule 5550(a)(2) and will continue trading under the symbol GURE [1] - The scheduled hearing before the Hearings Panel on December 9, 2025, has been cancelled [1] Company Overview - Gulf Resources operates through four wholly-owned subsidiaries: SCHC, SYCI, DCHC, and SHSI [2] - The company is one of the largest producers of bromine in China, which is used in various industrial and agricultural applications [2] - SYCI manufactures chemical products for oil and gas exploration, papermaking, and antibiotics [2] - SHSI focuses on the production and sale of crude salt [2] - DCHC is dedicated to exploring and developing natural gas and brine resources in China [2]
Gulf Resources, Inc. Provides Updates on Nasdaq Hearing Process
Globenewswire· 2025-11-12 14:00
Core Points - Gulf Resources, Inc. is appealing Nasdaq's delisting determination and has provided an update on its common stock trading status [1] - The company received a hearing notification from Nasdaq for a hearing scheduled on December 9, 2025, but believes it has regained compliance with the minimum bid price requirement after a 1-for-10 reverse stock split [2] - Trading of the company's common stock was suspended on November 11, 2025, and the company is working with Nasdaq to resume trading [3][4] Company Overview - Gulf Resources, Inc. operates through four wholly-owned subsidiaries, including Shouguang City Haoyuan Chemical Company Limited, Shouguang Yuxin Chemical Industry Co., Limited, Daying County Haoyuan Chemical Company Limited, and Shouguang Hengde Salt Industry Co. Ltd. [5] - The company is one of the largest producers of bromine in China, with applications in various industries including agriculture and pharmaceuticals [5] - Gulf Resources also manufactures and sells crude salt and is involved in exploring natural gas and brine resources [5]
Gulf Resources, Inc. Announces Reverse Stock Split
Globenewswire· 2025-10-22 12:30
Core Points - Gulf Resources, Inc. will implement a 1-for-10 reverse stock split effective October 27, 2025, to increase the bid price of its common stock and regain compliance with Nasdaq listing requirements [1][2][3] - The reverse stock split will reduce the number of outstanding shares from approximately 13.63 million to about 1.36 million, while the number of authorized shares will remain unchanged [3][4] - Stockholders will not need to take any action as the adjustment will occur automatically, and fractional shares will be rounded up to the nearest whole number [4] Company Overview - Gulf Resources, Inc. operates through four wholly-owned subsidiaries and is one of the largest producers of bromine in China, with applications in various industries including agriculture and pharmaceuticals [6] - The company also manufactures chemical products for oil and gas exploration, papermaking, and crude salt through its subsidiaries [6]