TOKYO: Xinhua Finance Ltd, the first foreign company to list its shares solely in Tokyo, said it has encountered many unexpected obstacles during its first year of trading, but it plans to stay the course.
Hong Kong-based Xinhua, a five-year-old financial information service provider that focuses on China, made its debut on the Tokyo Stock Exchange's Mothers market for start-ups last October. But various rules imposed on foreign firms restrict trading in its shares, Jae Lie, the company's chief operating officer, said yesterday.