UPDATE: 6/14/2011 4.27 p.m. A fifth paragraph has been added to this article, detailing the legal advisors to CNinsure’s special committee. Further details about the legal advisors to the consortium were added to the second and third paragraphs on June 23. The headline has also been updated.

Another Chinese company leaves Nasdaq. Simpson Thacher & Bartlett is advising a private equity fund on its planned acquisition of a Nasdaq-listed Chinese insurer, the latest in a string of delistings from the exchange.

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