Gulf Resources Sells Yuxin Chemical Facility for RMB 21.2 Million
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Gulf Resources, through its subsidiary Shouguang City Haoyuan Chemical Company, has sold its 100% equity in Shouguang Yuxin Chemical Industry Co. to Shandong Rongyuan Pharmaceutical for RMB 21.2 million. The sale, payable in installments until 2028, follows a suspension of operations at the facility, allowing Gulf Resources to focus on more profitable segments.
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