Noah Holdings (NOAH) has released an update.
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Noah Holdings Private Wealth and Asset Management Limited has repurchased 20,000 American Depositary Shares (ADS), equivalent to 100,000 ordinary shares, on the New York Stock Exchange as part of its ongoing share buyback program. The repurchase was executed at an average price of USD 12.6783 per ADS, aiming to optimize the company’s capital structure and enhance shareholder value. This move reflects the company’s commitment to strategically manage its equity and maintain a robust financial position.
For further insights into NOAH stock, check out TipRanks’ Stock Analysis page.
