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Insurance company CNINSURE files announces terms

October 18, 2007

CNINSURE, an independent insurance agency and brokerage company operating in China, filed terms with the SEC Thursday for itsupcoming IPO. The company plans to offer 11.6 million ADRs, including 2 million ADRs from the selling shareholders, at a price range of $11 to $13 per share. Morgan Stanley is the lead manager on the deal.