GURE [GULF RESOURCES] 8-K: (Original Filing)
[EQUITY INTERESTS TRANSFER AGREEMENT BETWEEN SHOUGUANG CITY HAOYUAN CHEMICAL COMPANY LIMITED, GULF RESOURCES, INC. SHOUGUANG CITY RONGYUAN CHEMICAL CO, LTD. YihongYuan Weihua Chen Weijie Chen AND Cuiping Liu DATED AS OF January 12, 2015 1 This EQUITY INTERESTS TRANSFER AGREEMENT (this "Agreement") is entered into as of January 12, 2015 (the "Effective Date") in Shouguang City, Shandong Province, by and] [Gulf Resources Accelerates Its Transformation, Enters Into an Equity Interests Transfer Agreement With Shouguang City Rongyuan Chemical Co., Ltd. SHOUGUANG, China, Jan. 13, 2015 (GLOBE NEWSWIRE) -- Gulf Resources, Inc. (Nasdaq:GURE) has accelerated its transformation from a manufacturer of raw materials into an integrated producer of value added downstream products with its acquisition of Shouguang City Rongyuan Chemical Co., Ltd.] [+86 (536) 567-0008 o o o o 1.01 Entry into a Material Definitive Agreement. In consideration for SCRC, SCHC shall pay $66.2 million in cash and issue approximately 7.27 million shares of common stock at a price of $2.00 per share, which represents a 73% premium over the previous 10 day closing price. Total consideration for the purchase of SCRC]