NOAH - Noah gets board approval to pursue primary listing on Hong Kong Stock Exchange
- Noah Holdings ( NYSE: NOAH ) has received board approval on a motion to pursue primary listing on the stock exchange of Hong Kong Limited and become dual-primary listed in New York and Hong Kong.
- With this approval, the firm's senior management to proceed with the relevant preparatory work and undertake the necessary procedures to complete the primary conversion.
- Upon completion of the primary conversion, Noah's ordinary shares and ADSs will continue to traded on the Hong Kong Stock Exchange and the New York Stock Exchange, respectively, and remain mutually fungible.
- NOAH shares have gained ~2% pre-market
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Noah gets board approval to pursue primary listing on Hong Kong Stock Exchange