noah holdings ltd-spon ads (NOAH) Key Developments
Noah Holdings Mulls Acquisitions
Jan 28 15
Noah Holdings Limited (NYSE:NOAH) intends to pursue acquisitions. The company has agreed to issue an aggregate principal amount of $80 million of convertible notes to Greenwoods Asset Management, Hillhouse Capital Management and Keywise Capital Management. The company plans to use the funds for the execution of broader growth strategy, including expansions of the Company's wealth management, asset management and internet finance businesses, and potential investments in or acquisitions of complementary businesses and related licenses.
NOAH Announces Executive Chanegs
Jan 19 15
Phil Sketchley, retiring chief executive of NOAH, has succeeded vet Bob Stevenson, who has retired, as chairman of the Animal Medicines Training Regulatory Authority (AMTRA). Mr. Sketchely worked closely with AMTRA as NOAH nominee on the AMTRA board.
Noah Holdings Limited Announces Board Changes
Dec 24 14
Noah Holdings Limited announced that Mr. Shusong Ba has tendered his resignation as an independent director and a member of the audit committee of the board of directors of the company. The company has appointed Mr. Jinbo Yao as an independent director and a member of the audit committee of the Board in place of Mr. Shusong Ba. Mr. Jinbo Yao is the founder, chairman of the board of directors and chief executive officer of 58.com Inc. Mr. Yao is a pioneer in China's internet industry. Mr. Yao currently serves on the board of directors of Xueda Education Group.
Noah Holdings Limited Presents at 13th Annual dbAccess China Conference, Jan-12-2015
Dec 10 14
Noah Holdings Limited Presents at 13th Annual dbAccess China Conference, Jan-12-2015 . Venue: Grand Hyatt Hotel, Beijing, China.
Noah Holdings Limited Announces Unaudited Consolidated Financial Results for the Third Quarter Ended September 30, 2014; Provides Earnings Guidance for the Year of 2014
Nov 11 14
Noah Holdings Limited announced unaudited consolidated financial results for the third quarter ended September 30, 2014. For the quarter, the company reported net revenues of $62,892,426 against $41,458,529 a year ago. Income from operations was $22,871,514 against $16,989,731 a year ago. Net income attributable to shareholders was $17,905,288 or $0.32 per diluted share against $13,984,584 or $0.25 per diluted share a year ago. Adjusted net income attributable to shareholders was $19,471,050 or $0.34 per diluted share against $15,263,333 or $0.27 per diluted share a year ago. In the third quarter of 2014, the company generated $16.3 million cash inflow from its operating activities and a net $24.9 million cash inflow from its investing activities.
The company estimates that non-GAAP net income attributable to Noah shareholders for the full year 2014 is expected to be in a range of $72.0 million and $76.0 million, representing a year-over-year increase in the range of 27.0% and 34.1%. This estimate reflects management's current business outlook and is subject to change.