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Noah Holdings ( (NOAH) ) has provided an announcement.
Noah Holdings has announced a repurchase of 48,881 American Depositary Shares (ADS), equivalent to 244,405 ordinary shares, on the New York Stock Exchange. This move reflects the company’s strategic use of its repurchase mandate granted during its annual general meeting in June 2024, indicating a focus on optimizing its share structure and potentially enhancing shareholder value. The repurchase was conducted at a weighted average price of USD 11.7797 per ADS, demonstrating the company’s commitment to regulatory compliance and strategic financial management.
More about Noah Holdings
Noah Holdings Private Wealth and Asset Management Limited operates in the financial industry, focusing on providing private wealth and asset management services. The company is listed on the Hong Kong Stock Exchange and is engaged in managing and growing the wealth of its clients through various financial products.
YTD Price Performance: 0.0%
Average Trading Volume: 167,262
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $822.8M
Learn more about NOAH stock on TipRanks’ Stock Analysis page.
