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Noah Holdings ( (NOAH) ) has issued an announcement.
Noah Holdings has announced the repurchase of 45,753 American Depositary Shares (ADSs), equivalent to 228,765 ordinary shares, on the New York Stock Exchange. This buyback is part of a repurchase mandate approved in June 2024, reflecting the company’s strategy to manage its share capital efficiently. The repurchase, completed at an average price of USD 2.3152 per share, is indicative of Noah Holdings’ proactive approach to enhancing shareholder value and maintaining market confidence. The transaction aligns with regulatory requirements and underscores its commitment to strategic financial management.
More about Noah Holdings
Noah Holdings is a private wealth and asset management firm, primarily engaged in managing financial assets and providing related services. It focuses on offering wealth management solutions and asset management services to high-net-worth individuals and institutions, with a market presence in Hong Kong and the New York Stock Exchange.
YTD Price Performance: 4.94%
Average Trading Volume: 183,825
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $824.1M
Learn more about NOAH stock on TipRanks’ Stock Analysis page.
