Shaanxi J&R Fire Fighting Co., Ltd. (SZSE:300116) entered into a share purchase agreement to acquire 5.5% stake in CNinsure Inc. (NasdaqGS:CISG) from Kingsford Resources Limited for $37.4 million in cash on July 1, 2015. Under the terms, Kingsford Resources will acquire 3.16 million American Depositary Shares for $11.8 per American Depositary Share. Upon closing, Shaanxi J&R Fire Fighting Co., Ltd. will hold 5.5% stake in CNinsure Inc. The deal is subject to satisfaction of certain closing conditions and expected to close within 60 days.
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Annual profits - Rate of surprise
1st Jan change | Capi. | |
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-47.37% | 198M | |
+14.58% | 56.31B | |
+6.72% | 26.32B | |
+26.33% | 25.62B | |
+23.18% | 9.32B | |
+25.96% | 6.45B | |
-1.37% | 4.2B | |
+8.14% | 2.17B | |
+35.97% | 2.16B | |
-16.39% | 1.6B |
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- Shaanxi J&R Fire Fighting Co., Ltd. entered into a share purchase agreement to acquire 5.5% stake in CNinsure Inc. from Kingsford Resources Limited for $37.4 million.