Noah Holdings Announces $50M Share Repurchase, Signaling Confidence in Overseas Growth

HONG KONG, Aug 29, 2024 - (ACN Newswire) - Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), 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 its unaudited financial results for the second quarter of 2024. Noah recorded total net revenue of RMB 616 million in the second quarter of 2024. The wealth management business generated net revenues of RMB 416 million, while the asset management business reported net revenues of RMB 192 million.

Strategically Overseas Expansion and Comprehensive investment Solutions - END -

Copyright 2024 ACN Newswire . All rights reserved.