Key Developments: CNinsure Inc (CISG.O)
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Latest Key Developments (Source: Significant Developments)
CNinsure Inc Comments On Q2 2013 Revenue Guidance
CNinsure Inc announced that for the second quarter of 2013, it expects total net revenues to grow by over 5% compared with the corresponding period in 2012. Full Article
CNinsure Inc Comments On Q1 2013 Revenue Guidance
CNinsure Inc announced that the Company expects total net revenues to grow by approximately 5% for the first quarter of 2013 compared to the corresponding period in 2012. Full Article
CNinsure Inc Comments On Q4 2012 Revenue Guidance
CNinsure Inc announced that its total net revenues to remain flat for the fourth quarter of 2012 compared to the corresponding period in fourth quarter of 2011. Full Article
CNinsure Inc Announces $30 Million Corporate Share Repurchase Program
CNinsure Inc announced that its board of directors approved a share repurchase program authorizing the Company to repurchase up to $30 million of its American depositary shares by May 6, 2013. Purchases will be made on the open market or in negotiated transactions off the market from time to time as market conditions warrant, and will be subject to restrictions related to volume, price and timing. Full Article
CNinsure Inc Issues Q3 2012 Revenue Guidance
CNinsure Inc announced that for the third quarter of 2012, it expects total net revenues to remain approximately flat compared to the corresponding period in 2011. The Company reported revenue of $60.16 million in third quarter of 2011. Full Article
CNinsure Inc. Issues Q1 2012 Revenue Guidance
CNinsure Inc. announced that it expects total net revenues to grow by less than 5% for the first quarter of 2012 compared to the corresponding period of 2011. Full Article
CNinsure Inc. Issues Q4 2011 Revenue Guidance Above Analysts' Estimates
CNinsure Inc. announced that for the fourth quarter of 2011, it expects total net revenues from continuing operations to grow by approximately 10%-15% compared to the corresponding period of 2010. The Company reported revenues of $68.03 million in the fourth quarter of 2010. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $71 million for the fourth quarter of 2011. Full Article
Faruqi & Faruqi, LLP Announces Investigation Of CNinsure Inc.
Faruqi & Faruqi, LLP announced that it is investigating potential wrongdoing at CNinsure Inc.. Faruqi & Faruqi, LLP seeks to determine whether CNinsure violated federal securities laws in connection with statements made to the Company's shareholders. The investigation focuses on whether CNinsure: overstated its net income by downplaying the costs incurred from the Company`s scorecard system; failed to account for the costs incurred from bonus incentives promised to Company agents; misled investors into believing that firms affiliated with the Company`s CEO and Chairman, Yinan Hu (Hu), would buy out the Company; and lacked a reasonable basis for the Company`s positive statements concerning the Company`s future prospects. Full Article
CNinsure Inc. Announces Management Change
CNinsure Inc. announced that Mr. Chunlin Wang, the Company's Chief Operating Officer and head of property and casualty insurance business unit, has been promoted as Chief Executive Officer, effective immediately, replacing Mr. Yinan Hu, the founder of the Company, who has served as Chairman of the Company's s board of directors and Chief Executive Officer since 1998. Mr. Hu will continue to sit on the board as Chairman after the resignation. Full Article
Briscoe Law Firm and Powers Taylor, LLP Announce Investigation of CNinsure Inc.
Briscoe Law Firm and Powers Taylor, LLP announced that the firms are investigating legal claims against the officers and Board of Directors of CNinsure, Inc. related to potentially misleading statements issued by CNinsure between March 2, 2010 and September 14, 2011 (Class Period). Full Article
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