Xinhua Finance to acquire risk management firm
Xinhua Finance, a Chinese financial information provider, is looking to acquire all the shares in Beijing Alpha Financial Engineering, a risk management systems developer in China, from its two shareholders.
The deal, which is subject to approval from Chinese regulatory authorities, is estimated to be worth $2 million, which Xinhua Finance will pay over three years in amounts tracking Beijing Alpha's performance in 2005, 2006, 2007 and 2008.
Xinhua Finance says the addition of Beijing Alpha is
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