X1965ChainImmigrants
12-10-2003, 03:41 AM
http://www.chinadaily.com.cn/en/doc/2003-12/10/content_288907.htm
China intends to be a participant in the global financial community."
"People who think China is just going to be the factory to the world should realize that is not at all the case," he said.
Reuters is Market News' largest distributor.
This is a privately held company. The CEO is Conner. Actual owner(s) not found. -Chain
http://www.marketnews.com/main/banner/banner_graphics/c_1.jpg
http://www.marketnews.com/pr_releases/press_release.jsp
Dec 9 / 11:31 EST
Xinhua Finance Agrees To Acquire Market News International>
NEW YORK, Dec. 9, 2003 -- Xinhua Finance (Xinhua Financial Network, Ltd) today announced that it had reached an agreement to acquire Market News International, Inc., (MNI) in a transaction that is expected to close early in January 2004, pending the approval of both companies. "This is a defining moment for Xinhua Finance," stated Fredy Bush, CEO of Xinhua Finance. "In less than four years, we have built an exceptional franchise in our core China market. With Market News International, Xinhua Finance gains a well-established business with a long history of successful operations in both the U.S. and Europe, and a reputable news agency with proven credibility and standing in the marketplace," Ms Bush said. "This combination is a win for both companies' customers, shareholders and employees because the businesses are so complementary," added MNI CEO Michael Connor. "Xinhua Finance's tremendous distribution capabilities in Asia open up new and exciting opportunities. We have been impressed with Xinhua Finance's rapid growth, its world-class products, competent management team and outstanding investor/partners. We are excited about joining Xinhua Finance, and becoming an important part of this emerging global leader in financial information services," said Mr. Connor. The Market News International transaction marks the first U.S. financial information services acquisition by a China company. Well positioned to play a critical role in China's rapidly developing financial market, Hong Kong-based Xinhua Finance continues to seek appropriate partners and acquisitions in major capital markets. Xinhua Finance is rapidly becoming a significant participant within the global financial information industry. For more information Joy Tsang, Xinhua Finance, +852 3102 3983, joy.tsang@xinhuafinance.com Myra Crowell, Market News International, +1 212 669 6400, mcrowell@marketnews.com John Mulqueen, Spring O'Brien & Co., +1 212 620 7100, johnm@spring-obrien.com About Xinhua Finance Xinhua Finance (Xinhua Financial Network, Ltd) is an independent financial information and services company providing financial news and information, as well as a broad array of financial products and services unique to the China markets. Xinhua Finance provides real time coverage of Chinese and Asian equity markets, delivering an integrated platform of China-specific indices, financial news feeds, credit ratings, and investor relations services to global financial institutions and re-distributors via leased line, internet, and satellite technology. Founded in 1999, Xinhua Finance is owned by a group of international shareholders and managed by a team of experienced business professionals recognized for their industry knowledge and pioneering role in accelerating efficiencies and transparency within China's rapidly expanding capital markets. Headquartered in Hong Kong, Xinhua Finance has offices in Beijing, Shanghai, Shenzhen, Seoul, Taipei, Tokyo, Singapore, and New York. For more information, see www.xinhuafinance.com. About Market News International, Inc. Market News International is the leading real-time news, intelligence and analysis agency dedicated to the global fixed-income and foreign exchange markets, and provides information that is also relevant to the equity markets. Founded in 1983, MNI is an accredited news agency with offices in New York, Washington D.C., Chicago, London, Rome, Brussels, Frankfurt, Paris, and Berlin. To learn more, please visit www.marketnews.com.
China intends to be a participant in the global financial community."
"People who think China is just going to be the factory to the world should realize that is not at all the case," he said.
Reuters is Market News' largest distributor.
This is a privately held company. The CEO is Conner. Actual owner(s) not found. -Chain
http://www.marketnews.com/main/banner/banner_graphics/c_1.jpg
http://www.marketnews.com/pr_releases/press_release.jsp
Dec 9 / 11:31 EST
Xinhua Finance Agrees To Acquire Market News International>
NEW YORK, Dec. 9, 2003 -- Xinhua Finance (Xinhua Financial Network, Ltd) today announced that it had reached an agreement to acquire Market News International, Inc., (MNI) in a transaction that is expected to close early in January 2004, pending the approval of both companies. "This is a defining moment for Xinhua Finance," stated Fredy Bush, CEO of Xinhua Finance. "In less than four years, we have built an exceptional franchise in our core China market. With Market News International, Xinhua Finance gains a well-established business with a long history of successful operations in both the U.S. and Europe, and a reputable news agency with proven credibility and standing in the marketplace," Ms Bush said. "This combination is a win for both companies' customers, shareholders and employees because the businesses are so complementary," added MNI CEO Michael Connor. "Xinhua Finance's tremendous distribution capabilities in Asia open up new and exciting opportunities. We have been impressed with Xinhua Finance's rapid growth, its world-class products, competent management team and outstanding investor/partners. We are excited about joining Xinhua Finance, and becoming an important part of this emerging global leader in financial information services," said Mr. Connor. The Market News International transaction marks the first U.S. financial information services acquisition by a China company. Well positioned to play a critical role in China's rapidly developing financial market, Hong Kong-based Xinhua Finance continues to seek appropriate partners and acquisitions in major capital markets. Xinhua Finance is rapidly becoming a significant participant within the global financial information industry. For more information Joy Tsang, Xinhua Finance, +852 3102 3983, joy.tsang@xinhuafinance.com Myra Crowell, Market News International, +1 212 669 6400, mcrowell@marketnews.com John Mulqueen, Spring O'Brien & Co., +1 212 620 7100, johnm@spring-obrien.com About Xinhua Finance Xinhua Finance (Xinhua Financial Network, Ltd) is an independent financial information and services company providing financial news and information, as well as a broad array of financial products and services unique to the China markets. Xinhua Finance provides real time coverage of Chinese and Asian equity markets, delivering an integrated platform of China-specific indices, financial news feeds, credit ratings, and investor relations services to global financial institutions and re-distributors via leased line, internet, and satellite technology. Founded in 1999, Xinhua Finance is owned by a group of international shareholders and managed by a team of experienced business professionals recognized for their industry knowledge and pioneering role in accelerating efficiencies and transparency within China's rapidly expanding capital markets. Headquartered in Hong Kong, Xinhua Finance has offices in Beijing, Shanghai, Shenzhen, Seoul, Taipei, Tokyo, Singapore, and New York. For more information, see www.xinhuafinance.com. About Market News International, Inc. Market News International is the leading real-time news, intelligence and analysis agency dedicated to the global fixed-income and foreign exchange markets, and provides information that is also relevant to the equity markets. Founded in 1983, MNI is an accredited news agency with offices in New York, Washington D.C., Chicago, London, Rome, Brussels, Frankfurt, Paris, and Berlin. To learn more, please visit www.marketnews.com.