Gulf Resources (GURE) Reports 1-for-5 Reverse Share Split
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Gulf Resources, Inc. Announces 1-for-5 Reverse Stock Split
January 27, 2020 8:00 AM ESTSHANDONG, China, Jan. 27, 2020 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq: GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China, today announced a 1-for-5 reverse stock split of its issued and outstanding shares of common stock, which is expected be effective for trading purposes as of the commencement of trading on Tuesday, January 28, 2020.
The reverse stock split is intended to increase the per share trading price of the Companys common stock to satisfy the $1.00 minimum bid price requirement for continued... More
