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
Portfolio Pulse from Benzinga Newsdesk
Noah Holdings Limited has announced a $50 million share repurchase program for its American depositary shares or ordinary shares, effective immediately, with a two-year term. This move is part of the company's strategy to enhance shareholder returns.
August 28, 2024 | 8:41 pm
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Noah Holdings Limited has initiated a $50 million share repurchase program, which is expected to positively impact its stock price by reducing the number of shares outstanding and potentially increasing earnings per share.
The share repurchase program indicates the company's confidence in its financial health and commitment to returning value to shareholders. By reducing the number of shares outstanding, the program can increase earnings per share and potentially lead to a higher stock price.
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