Friday, June 01, 2007

Xinhua Finance sells bureaux to Thomson

Xinhua Finance Realigns News Business Strategy on the Greater China Market

This cryptically headlined PR Newswire piece reports that Xinhua Finance is selling seven XFN Asia- Pacific bureaus located in Tokyo, Manila, Jakarta, Kuala Lumpur, Singapore, Sydney and Seoul to Thomson Financial.

It's linked to other announcements regarding share buybacks, reported in Forbes and another PR Newswire press release about accelerated corporate governance measures.

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