J.D

Xinhua Finance Media Offers Growth and Value

I strongly doubt that as lack of transparency does not equate to lack of control, but let's do the research together to be sure. XMFL is controlled by Xinhua Finance in accordance with Chinese domestic regulations, as per below. Now you check who controls Xinhua Finance.

6. Why does the parent Xinhua Finance Limited own 36.9% of equity but control the majority of the voting rights (85.4%)?
The shares held by XFL are class B common shares, which have ten votes per share, compared with one vote per share for our class A common shares, giving XFL effective control of approximately 85.4% of the voting rights. The dual-class common share structure was created to accommodate the regulatory landscape of China's media sector.