GULF RESOURCES &lt;GRE> TO HAVE GAIN ON STOCK SALE

  Gulf Resources and Chemical Corp said it
  has sold 9,534,633 shares of &lt;Imperial Continental Gas
  Association> for 720 pence a share, or 68.6 mln stg, in a
  private transaction for a pretax gain of about 19.6 mln dlrs.
      Gulf Resources said it still owns 6.7 mln shares of
  Imperial Continental, or a 4.6 pct interest, and continues to
  study various alternatives.
  

