Brief: Gulf Resources Announces Damages And Rectification Plan From Typhoon Lekima

Gulf Resources

24/09/2019 13:39

Sept 24 (Reuters) - Gulf Resources Inc  GURE.O :
    * GULF RESOURCES ANNOUNCES DAMAGES AND RECTIFICATION PLAN
FROM
TYPHOON LEKIMA
    * GULF RESOURCES INC - FACTORIES THAT SUSTAINED GREATEST
DAMAGE
FROM TYPHOON LEKIMA WERE FACTORIES NO.1 AND NO.7
    * GULF RESOURCES INC - COST OF REPAIRING THE TWO FACTORIES
IS
ABOUT $0.15 MILLION
    * GULF RESOURCES INC - DAMAGE FROM TYPHOON LEKIMA TO WELLS,
SALT
FIELDS AND AQUEDUCTS IS MORE SEVERE
    * GULF RESOURCES INC - WORK TO RECTIFY WELLS, SALT FIELDS
AND
AQUEDUCTS IS EXPECTED TO TAKE TWO MORE MONTHS AND APPROXIMATE
COST WILL BE $5.7-$7.2 MILLION
    * GULF RESOURCES INC - TYPHOON DID NOT IMPACT OUR FACILITIES
IN
SICHUAN PROVINCE
    * GULF RESOURCES INC - DURING PERIOD OF REPAIR, FACTORIES
WILL NOT
BE IN OPERATION
    * GULF RESOURCES INC - AS SOON AS REPAIRS ARE COMPLETED,
WILL
RESUME PRODUCTION AND WILL NOT HAVE TO GO THROUGH AN ADDITIONAL
APPROVAL PROCESS

Source text for Eikon:  ID:nGNX9stxcv 
Further company coverage:  GURE.O 

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