Noah Holdings Provides Updates on Status of Certain Credit Funds Managed by Shanghai Gopher Asset Management
Noah Holdings Limited American Depositary Shares (NOAH)
US:NYSE Investor Relations:
ir.noahwm.com
Company Research
Source: PR Newswire
SHANGHAI, July 8, 2019 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH), a leading wealth and asset management service provider in China with a focus on high net worth individuals, is making this announcement to provide an update on the status of certain credit funds managed by Shanghai Gopher Asset Management Co., Ltd. ("Shanghai Gopher Asset Management"), a consolidated affiliated entity of Noah.In the course of their investing activities, these credit funds provided supply chain financing involving third party companies related to Camsing International Holding Limited ("Camsing"), with a total principal amount of about RMB3.4 billion. The controlling shareholder of Camsing has recently been criminally detained by the Chinese police in connection with suspected fraudulent activity. As the fund manager of these funds, Shanghai Gopher Asset Management has initiated various legal actions and is committed to taking the best course of action to fulfill its obl
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News
- Noah Holdings 2024 Corporate Open Day: Driving Global Expansion and Sophisticated Solutions for Mandarin-Speaking ClientsPR Newswire
- Noah Holdings 2024 Corporate Open Day: Driving Global Expansion and Sophisticated Solutions for Mandarin-Speaking Clients [Yahoo! Finance]Yahoo! Finance
- Noah Holdings 2024 Corporate Open Day: Driving Global Expansion and Sophisticated Solutions for Mandarin-Speaking ClientsPR Newswire
- Noah Showcases Global Expansion and Investment Product Leadership at 2024 Corporate Open DayPR Newswire
- Noah Holdings Limited (NYSE: NOAH) was downgraded by analysts at Morgan Stanley from an "overweight" rating to an "equal weight" rating. They now have a $13.00 price target on the stock.MarketBeat
NOAH
Sec Filings
- 12/20/24 - Form 6-K
- 12/18/24 - Form 144
- 12/18/24 - Form 144
- NOAH's page on the SEC website