Noah Holdings (NOAH) has released an update.
Noah Holdings Private Wealth and Asset Management Limited has reported a modest increase in its issued share capital by 0.1%, following the issuance of new shares under the mandate for the vesting of Restricted Stock Units (RSUs). The new shares were issued at a significant discount, with the issue price per share being 100% lower than the closing market price on the day before the change. This strategic move aims to enhance the company’s capital structure and reward eligible employees as per the new settlement agreements.
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