CDH Inservice Ltd. Raises Stake in CNinsure (CISG) to 16.4%; Terminates Rule 10b5-1 Plan
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In a 13D filing on CNinsure, Inc. (Nasdaq: CISG), hedge fund CDH Inservice Ltd. disclosed a 16.42%, or 8,298,199 share, stake in the company. This is up 1.63% from the 8,165,099 shares held on November 18, 2011.
Further, the filing showed, on November 22, 2011, CDH Inservice terminated the 10b5-1 Plan pursuant to its terms. A copy of the 10b5-1 Plan was filed as Exhibit 6 to Amendment No. 2 to the Schedule 13D on October 4, 2011 and is incorporated herein by reference. CDH Inservice purchased an aggregate of 1,797,760 ADSs (representing 35,955,200 Ordinary Shares) pursuant to the 10b5-1 Plan for an aggregate of US$13,454,333.62.
For more notable holders of CNinsure, Inc. stock click here.
Further, the filing showed, on November 22, 2011, CDH Inservice terminated the 10b5-1 Plan pursuant to its terms. A copy of the 10b5-1 Plan was filed as Exhibit 6 to Amendment No. 2 to the Schedule 13D on October 4, 2011 and is incorporated herein by reference. CDH Inservice purchased an aggregate of 1,797,760 ADSs (representing 35,955,200 Ordinary Shares) pursuant to the 10b5-1 Plan for an aggregate of US$13,454,333.62.
For more notable holders of CNinsure, Inc. stock click here.
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