Noah Holdings Announces $50M Share Repurchase Program Of Its ADS Or Ordinary Shares, Effective Immediately, Authorized Term For Carrying Out This Share Repurchase Program Is 2-Years

Author: Benzinga Newsdesk | August 28, 2024 04:41pm

Noah Holdings Limited ("Noah" or the "Company") (NYSE:NOAH), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today announced that as part of its commitment to enhancing shareholder returns, the board of directors of the Company (the "Board") authorized a share repurchase program under which the Company may repurchase up to US$50 million of its American depositary shares or ordinary shares, effective immediately. The authorized term for carrying out this share repurchase program is two years.

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