Beat Holdings

Beat Holdings Limited (Chinese: 貝德控股有限公司, Japanese: ビート・ホールディングス・リミテッド), formerly known as Xinhua Holdings Limited (Chinese: 新华控股有限公司; Japanese: ファイナンス・リミテッド) and Xinhua Finance, is a company founded in 1999. It is headquartered in Hong Kong, listed on the Tokyo Standard Board (9399), and is engaged in the provision of financial information and services, primarily in the Chinese market. The company's subsidiary, Xinhua Finance Media Ltd, was listed on NASDAQ (Nasdaq: XFML), but was unlisted in 2011 after the exposure of a scandal.

Beat Holdings
Formerly
  • Xinhua Finance
  • Xinhua Holdings
Company typePublic
Traded as
TYO: 9399
ISINKYG9827X1025
IndustryFinance
PredecessorXinhua Financial Network
Founded
17 November 1999 (1999-11-17) in Hong Kong(XFN)
5 January 2004 (2004-01-05) in Cayman Islands(Xinhua Finance)
FounderFredy Bush
Headquarters
  • Hong Kong, China
  • Cayman Islands (registered office)
Key people
GEN MATSUDA (Chairman & CEO)
Net income
 (US$4.165 million) (2015)
Total assets US$19.603 million (2015)
Total equity US$11.842 million (2015)
Owner
  • Lian Yihhann (35.42%)
  • Lai Mankon (14.80%)
  • Lie Wanchie (10.10%)
Number of employees
79 (2015)
Websitebeatholdings.com
Footnotes / references
in a consolidated basis

Xinhua News Agency owned a stake in Xinhua Finance of 3.45% in February 2006. However, the state-owned news agency had sold all of its stake prior to 2007. The agency stated in a press release in 2007 that they have no relation to Xinhua Finance.

In 2013, former CEO Loretta Fredy Bush, as well as former board members Shelly S. Singhal and Dennis L. Pelino, were charged with and sentenced for conspiracy to impede the lawful functions of the Internal Revenue Service. This was in connection with them being charged with engaging in a conspiracy to defraud the SEC and Xinhua Finance.

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