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Noah Holdings Ltd. Class A ( (HK:6686) ) just unveiled an announcement.
Noah Holdings has announced an alteration in the terms of its subscription to a private credit digital yield fund, reducing its capital allocation from $50 million in Class A interests to $5 million in Class B interests. This decision was influenced by recent changes in the cryptocurrency regulatory landscape in the United States and interest rate cuts, prompting the company to seek more flexible exposure to Bitcoin and align with its investment objectives and prudent treasury management principles.
More about Noah Holdings Ltd. Class A
Noah Holdings Private Wealth and Asset Management Limited is a company incorporated in the Cayman Islands, operating in the financial services industry with a focus on private wealth and asset management. The company is involved in investment activities, particularly in digital assets, and is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 2,342
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.13B
See more insights into 6686 stock on TipRanks’ Stock Analysis page.