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NOAH - Noah announces $100M share repurchase program
Noah Holdings Limited
Noah Holdings (NOAH) receives Board approval to repurchase up to $100M of its outstanding ADSs over the period of 2 years. "The Share Repurchase Program reflects our continued confidence in our business prospects and China's wealth management industry. We are committed to increasing shareholder value and believe that our shares are currently undervalued in the marketplace," says Noah Co-Founder and CEO Jingbo Wang.Previously: Noah Holdings reports Q3 results (Nov. 30)