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BRIEF-Ninetowns receives "going private" proposal from company executives

Oct 12 (Reuters) - Ninetowns Internet Technology Group Co Ltd :

* Announces receipt of "going private" proposal

* Says received a preliminary non-binding proposal letter from certain directors and officers of the company

* Says offer at a price per share in the range of US$1.80 to US$2.00 in cash

* Transaction is intended to be financed with combination of cash from resources of co

* Source text * Further company coverage

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