Xinhua Finance Limited (Chinese: 新華財經有限公司; Japanese: ファイナンス・リミテッド) (TYO: 9399 NASDAQ: XFML) formed in 1999 is engaged in the provision of financial information and services, primarily in the China market. It is headquartered in Shanghai. It is listed on the Tokyo Mothers Board (9399). The company's subsidiary, Xinhua Finance Media Ltd, is listed on NASDAQ (XFML). The share registrar is Tricor Investor Services Limited.Xinhua Financial Network, Ltd. (XFN) was incorporated in Hong Kong in November 1999. In late 2000, XFN established joint venture with FTSE Group, forming the Xinhua FTSE Index.In 2003, it formed an international alliance with Agence France-Presse (AFP) Finance. Xinhua Financial Network Ltd. purchased the news agencies of AFP Asian Finance in Hong Kong, Japan, South Korea, and Singapore and eight other Asian countries and regions, which expanded the coverage of Xinhua News Agency's international network.In July 2006, Mergent, a subsidiary of Xinhua Finance, purchased the business of Praedea Solutions, Inc., a developer of enterprise software for automated data extraction.In June 2007, XFN announced it had agreed to sell seven of its Asia-Pacific news bureaus in in.
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7:00 AM: (PSON) Interim Results.
News this week: Xinhua Finance Limited (XFL), a China-market focused financial information provider, has reported financial results for the quarter ended 31st March 2011. Net sales in the period were US$4. 3 million, a 38% increase over the same period in the previous year. Net profit in the quarter was US$1. 8 million, compared with a US$1.
It has been a long, unfortunate ride down to the bottom for Tokyo-listed Xinhua Finance. Reuters reported yesterday that the company is now facing delisting due to the continually delayed release of its 2009 results. It was once one of the more interesting and entrepreneurial business media companies in Asia. Founded by Fredy Bush in 1999, the company was primarily focused on providing business and financial information on companies operating in China.