Xinhua Finance Files for IPO


Xinhua Finance, the Hong Kong-headquartered financial services and media company, has filed a securities registration statement for an initial public offering of its common stock with Japan's Ministry of Finance. The company hopes to raise funds for further expansion, says a spokesperson.

The spokesperson says the company expects to raise about $30.5 million, but the exact price and amount will not be known until the offering period is completed. The move is part of expansion plans that incl

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