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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5-day change | 1st Jan Change | ||
2.93 USD | +3.90% |
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-3.93% | -55.94% |
Jun. 03 | Sector Update: Financial Stocks Edge Higher Pre-Bell Monday | MT |
Jun. 03 | Sector Update: Financial | MT |
![Consensus](/images/consensus_flch.gif)
Annual profits - Rate of surprise
1st Jan change | Capi. | |
---|---|---|
-55.94% | 160M | |
+2.46% | 65.23B | |
+16.92% | 57.07B | |
+30.38% | 26.24B | |
+6.30% | 26.22B | |
+10.47% | 7.87B | |
+24.80% | 6.35B | |
-4.30% | 3.94B | |
0.00% | 3.72B | |
+12.36% | 2.33B |
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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.