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- Wealth Management company Noah Holdings (NYSE:NOAH) said on Wednesday its board has authorized a share repurchase program to buy up to $50M of its ordinary shares, effective immediately.
- The authorized term for carrying out the buyback is two years.
- The company expects to fund repurchases made under the program from its existing cash balance and cash generated from operations.
- Noah shares were down 3.4% in extended trading on Wednesday.
