Gulf Resources (GURE) Receives Production Capacity Appraisal, Contractor Declaration
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Gulf Resources, Inc. (Nasdaq: GURE) has received an appraisal report assessing its production capacity from a third-party independent international appraisal firm, Grant Sherman Appraisal Limited. In addition, the Company announced that, it has received a declaration from its contractor, Shouguang Shengkun Construction and Installation Co., Ltd.
In October 2011, the Company engaged Grant Sherman, which after assessment of the Company's plants, machinery and equipment concluded that the Company's annual bromine and crude salt production capacity is 41,547 tones and 861,143 tones, respectively with a total nine bromine production plants.
In addition, the Company's contractor, Shouguang Shengkun Construction, has provided the Company with a declaration which confirms all of the projects for which it has contracted with the Company's subsidiaries, Shouguang City Haoyuan Chemical Industry Co., Ltd and Shouguang City Yuxin Chemical Co., Ltd. The shareholder of Shouguang Shengkun Construction, Mr. ZhenhuaJia, has also confirmed in the declaration, that he has never participated in any face to face or telephone interview in regards to its construction projects with Shouguang City Haoyuan Chemical Co., Ltd. and Shouguang City Yuxin Chemical Co., Ltd. These declarations were made in response to some anonymous allegations on the Internet in September 2011.
In October 2011, the Company engaged Grant Sherman, which after assessment of the Company's plants, machinery and equipment concluded that the Company's annual bromine and crude salt production capacity is 41,547 tones and 861,143 tones, respectively with a total nine bromine production plants.
In addition, the Company's contractor, Shouguang Shengkun Construction, has provided the Company with a declaration which confirms all of the projects for which it has contracted with the Company's subsidiaries, Shouguang City Haoyuan Chemical Industry Co., Ltd and Shouguang City Yuxin Chemical Co., Ltd. The shareholder of Shouguang Shengkun Construction, Mr. ZhenhuaJia, has also confirmed in the declaration, that he has never participated in any face to face or telephone interview in regards to its construction projects with Shouguang City Haoyuan Chemical Co., Ltd. and Shouguang City Yuxin Chemical Co., Ltd. These declarations were made in response to some anonymous allegations on the Internet in September 2011.
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