Haymarket adds FinanceAsia title to Asian portfolio

HONG KONG: Magazine publisher, Haymarket, has stepped up its expansion into Asia through a phased acquisition of Finance Asia, an integrated financial publishing and conference company.

The acquisition covers its capital markets title Finance Asia, website FinanceAsia. com, asset management title AsianInvestor and Finance Asia Conferences.

Haymarket business publications managing director, Martin Durham, said: "I am delighted that magazines of such quality are joining the Haymarket portfolio, and I look forward to working with the FinanceAsia team."

FinanceAsia publisher and CEO Foster Wright said the title had achieved steady growth in earnings and coverage over the past year despite poor market conditions.

Finance Asia will be added to Haymarket's local stable of business titles, including CEI Asia-Pacific, PRWeek and Media.The title has a BPA readership audit of 16,233, comprising CEOs and CFOs of top companies and institutional investors.