Japanese Investors Favor Xinhua Finance.

(From SinoCast China Financial Watch)

HONG KONG, May 09, SinoCast -- Japan-listed Xinhua Finance Ltd. set a precedent for companies in mainland China, as Japanese investors with the world's second-largest capital pool has been showing much willingness in China-play stocks. Through the initial public offering on the Tokyo Stock Exchange, the number-two bourse on the globe, Xinhua Finance raised up to JPY 3.5 billion, or about USD 32 million, and its shares closed at JPY 339,000 on April 22, nearly doubling the IPO price. The company employed Japan's Nomura Securities as one of the main underwriters. Xinhua Finance's board has approved of subdividing one share into two …