Xinhua Finance to acquire risk management firm
The deal, which is subject to approval from Chinese regulatory authorities, is estimated to be worth $2 million. Xinhua Finance will settle the deal over a three-years period in amounts dependent upon Beijing Alpha’s performance in 2005, 2006, 2007 and 2008.
Xinhua Finance said the addition of Beijing Alpha is demand-driven, will enrich its index services with risk management and performance evaluation, and is essential to meeting demand for tailor-made complex index benchmark and risk management offerings. In 2005, Beijing Alpha had revenues worth $258,836 and had registered capital of $310,000.
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