Beat Holdings Limited, formerly known as Xinhua Holdings Limited and Xinhua Finance, is a company founded in 1999. It is headquartered in Hong Kong, listed on the Tokyo Standard Board, 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, but was unlisted in 2011 after the exposure of a scandal. 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. Wikipedia