Major Chinese wealth manager tied up in criminal detention case [CNBC]
Noah Holdings Limited American Depositary Shares (NOAH)
US:NYSE Investor Relations:
ir.noahwm.com
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Source: CNBC
Major Chinese wealth manager tied up in criminal detention case An investor watches the electronic board at a stock exchange hall in Hangzhou, . VCG | Getty Images U.S.-listed wealth management company Noah Holdings Chinese It's a sign of how much control a single person can still often have over a stock in the murky Chinese business world, and how the government is trying to take a tougher approach. Noah Holdings announced Although that connection may seem tenuous, Noah's shares plunged 20.4% in New York trading overnight. Gopher said in a Chinese-language statement translated by CNBC that the firm has already established a special emergency and handling team, and that its products are independently managed and operated. Complicated connections The credit funds in question had a total principal of about 3.4 billion yuan ($494 million), and were involved with financing related to Hong Kong-listed Camsing International Noah added in a separate statement that the funds are related to s
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NOAH
News
- Noah to Host Corporate Open Day on December 6, 2024, in Hong Kong [Yahoo! Finance]Yahoo! Finance
- Noah to Host Corporate Open Day on December 6, 2024, in Hong KongPR Newswire
- Noah to Report Third Quarter 2024 Unaudited Financial Results on November 26, 2024 [Yahoo! Finance]Yahoo! Finance
- Noah to Report Third Quarter 2024 Unaudited Financial Results on November 26, 2024PR Newswire
- Noah Holdings Limited (NYSE: NOAH) was downgraded by analysts at UBS Group AG from a "buy" rating to a "neutral" rating. They now have a $13.00 price target on the stock.MarketBeat
NOAH
Sec Filings
- 11/20/24 - Form 6-K
- 11/14/24 - Form 6-K
- 11/12/24 - Form SC
- NOAH's page on the SEC website