SHOUGUANG, China, Aug. 30, 2016 (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 the merger of its two chemical divisions, Yuxin Chemical and Rongyuan Chemical. Under the terms of the agreement, Yuxin will acquire Rongyuan. After the merger is completed, during the third quarter of 2016, Yuxin will be the surviving division. The senior management of the two divisions will be merged as well the finance, personnel, production, procurement, sales, logistic and R&D departments. Gulf believes it should be able to eliminate the substantial cost...
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