other material
confidence high
sentiment neutral
materiality 0.50
Gulf Resources to repurchase 240,000 shares from CEO, CFO, COO for $862,344
GULF RESOURCES, INC.
- Repurchases 80,000 shares each from CEO Xiaobin Liu, CFO Min Li, and COO Naihui Miao at $3.5931/share.
- Total consideration ~$862,344 funded from cash on hand; closing expected in Dec 2022.
- Board and audit committee approved the transaction.
- Shares are restricted; transaction exempt from registration under Securities Act.