Noah Holdings Announces $50M Share Buyback Plan

Noah Holdings (NOAH) has released an update.

Noah Holdings Private Wealth and Asset Management Limited has implemented a US$50 million share repurchase program to boost shareholder returns amid a challenging period for China’s wealth management industry. The company, confident in its unique position servicing Mandarin-speaking high-net-worth individuals, recently distributed a record dividend equivalent to its full year 2023 non-GAAP net income. This move aligns with Noah’s proactive capital allocation policy and reflects its belief in the undervaluation of its stock and strong financial health.

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