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Stock impact report

Noah Holdings Limited Provides Further Updates on the Status of the Legal Proceedings Related to Certain Credit Funds Managed by Shanghai Gopher Asset Management Co., Ltd.

Noah Holdings Limited American Depositary Shares (NOAH) 
US:NYSE Investor Relations: ir.noahwm.com
Company Research Source: PR Newswire
SHANGHAI, May 7, 2024 /PRNewswire/ -- Noah Holdings Limited (the "Company," or "Noah") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for Mandarin-speaking high-net-worth investors, today provides updates on the status of the legal proceedings against Camsing International Holding Limited and one of its affiliates (collectively, "Camsing")  related to certain credit funds (the "Camsing Credit Funds") managed by Shanghai Gopher Asset Management Co., Ltd. ("Shanghai Gopher"). The Camsing Credit Funds had invested in supply chain account receivables (the "Camsing Receivables") respecting the sale of computers, consumer electronics and communication products from Camsing to a buyer (the "Buyer") .As the Company previously disclosed on January 12, 2024, November 1, June 21, June 29 and July 6, 2022 and August 25, 2020, the Company has been involved in Show less Read more
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