UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 6-K
_______________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2015
Commission File Number: 001-33768
_______________________
CNINSURE
INC.
_______________________
22/F, Yinhai Building
No. 299 Yanjiang Zhong Road
Guangzhou, Guangdong 510110
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x
Form 40-F o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURE
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
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CNinsure Inc. |
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By: |
/s/ Qiuping Lai |
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Name: |
Qiuping Lai |
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Title: |
President |
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Date: July 2, 2015 |
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Exhibit Index
Exhibit No. |
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Description |
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Exhibit 99.1 |
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Press Release |
Exhibit 99.1
![](image_001.jpg)
IR-195
J&R Acquires
Stake in CNinsure
GUANGZHOU,
China, July 1, 2015 (GLOBE NEWSWIRE) -- CNinsure Inc. (Nasdaq:CISG) (the "Company" or "CNinsure"), a leading
independent online-to-offline financial services provider operating in China, today announced that Shaanxi J&R Firefighting
Inc. (SZ:300116) ("J&R"), a leading manufacturer and supplier of fire protection and safety equipment in China,
has entered into a share purchase agreement with Kingsford Resources Limited ("Kingsford"), a company owned by members
of CNinsure's management, to acquire a stake in CNinsure.
Pursuant
to the share purchase agreement, J&R will purchase from Kingsford 63,320,000 ordinary shares of CNinsure, the equivalent of
3,166,000 of the Company's American depositary shares ("ADSs"), for a total purchase price of approximately US$37.4
million in cash. The purchase price is equal to US$0.59 per ordinary share (the equivalent of US$11.8 per ADS) representing a
33.6 % premium above the June 30, 2015 closing price.
Upon the
closing of the transaction, J&R will hold approximately 5.5% of CNinsure's outstanding shares. The closing is expected to
take place within 60 days, and is conditional upon the satisfaction of customary closing conditions.
About J&R
J&R
is a leading manufacturer and supplier of fire protection and safety equipment, including proprietary fire extinguishers and fire
detection and alarm systems. J&R holds a number of intellectual properties, and its business network covers more than 20 provinces
and municipal cities, serving a wide range of industries such as the mobile communication, petrochemical engineering, metallurgy,
railroad, electric power and automobile industries. Headquartered in Xi'an, J&R was founded in 1999 and was listed on Shenzhen
Stock Exchange in 2010 (SZ:300116). For more information, please visit http://www.xajr.com/.
About CNinsure Inc.
CNinsure Inc.
is a leading independent online-to-offline financial service provider. Through our online platforms and offline sales and service
network, we offer a wide variety of financial products and services to individuals and businesses, including property and casualty
and life insurance products. We also provide insurance claims adjusting services, such as damage assessments, surveys, authentications
and loss estimations, as well as value-added services, such as emergency
vehicle roadside assistance.
![](image_001.jpg)
IR-195
Our online platforms
include (1) Baoxian.com, an online entry portal for comparing and purchasing health, accident, travel and homeowner insurance
products; (2) CNpad, a mobile sales support application; (3) Chetong.net, a public service platform for the insurance industry
and (4) eHuzhu (www.ehuzhu.com), the first non-profit online mutual aid platform in China. Our extensive distribution and service
network covers 27 provinces in China, including most economically developed regions and cities.
Forward-looking
Statements
This press release contains statements
of a forward-looking nature. These statements, including the statements relating to the Company's future financial and operating
results, are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. You
can identify these forward-looking statements by terminology such as "will," "expects," "believes,"
"anticipates," "intends," "estimates" and similar statements. Among other things, management's quotations
and the Business Outlook section contain forward-looking statements. These forward-looking statements involve known and unknown
risks and uncertainties and are based on current expectations, assumptions, estimates and projections about CNinsure and the industry.
Potential risks and uncertainties include, but are not limited to, those relating to CNinsure's limited operating history, especially
its limited experience in selling life insurance products, its ability to attract and retain productive agents, especially entrepreneurial
agents, its ability to maintain existing and develop new business relationships with insurance companies, its ability to execute
its growth strategy, its ability to adapt to the evolving regulatory environment in the Chinese insurance industry, its ability
to compete effectively against its competitors, quarterly variations in its operating results caused by factors beyond its control
and macroeconomic conditions in China and their potential impact on the sales of insurance products. All information provided
in this press release is as of the date hereof, and CNinsure undertakes no obligation to update any forward-looking statements
to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although
CNinsure believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that
its expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated
results. Further information regarding risks and uncertainties faced by CNinsure is included in CNinsure's filings with the U.S.
Securities and Exchange Commission, including its annual report on Form 20-F.
![](image_001.jpg)
IR-195
For more information
about CNinsure Inc., please visit http://ir.cninsure.net/.
Contact:
Oasis Qiu
Investor Relations
Manager
Tel: +86 (20)
6122-2731
Email: qiusr@cninsure.net
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