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Stock Market & Financial Investment News

News For NOAH From The Last 14 Days
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January 28, 2016
05:33 EDTNOAHNoah Holdings announces shareholder approval of dual-class share structure
Noah Holdings announced that, at the extraordinary general meeting of shareholders held on January 28, 2016, the company's shareholders voted in favor of the proposal to adopt a dual-class share structure, pursuant to which the company's authorized share capital shall be re-organized and re-designated into Class A ordinary shares and Class B ordinary shares, with each Class A ordinary share being entitled to one vote and each Class B ordinary share being entitled to four votes on all matters subject to vote at general meetings of the company, as well as the proposal to amend and restate the Company's memorandum and articles of association to reflect the adoption of the Dual-class Share Structure and other related matters. Jingbo Wang, Noah's Founder, Chairman and CEO, and Zhe Yin, Noah's Co-founder, Executive Director and CEO of Noah's subsidiary Gopher Asset Management, will receive Class B ordinary shares and all other shareholders will receive Class A ordinary shares.

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