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Zhong Lun Advises on Noah Holdings' Secondary Listing in Hong Kong

Release time：2022-07-13 Voice Announcements

On July 13, 2022, Noah Holdings Limited (6686.HK, NYSE: NOAH) announced its successful offering and secondary listing on the Main Board of the Stock Exchange of Hong Kong Limited. The gross proceeds from this offering exceeded HK$321 million prior to the exercise of over-allotment option. Goldman Sachs acted as the sole sponsor for this offering.

Noah Holdings is a leading HNW wealth management service provider in China with global asset management capacities and has been listed on the NYSE since November 2010. It was the largest independent wealth management service provider with a market share of approximately 21.5% in China’s independent HNW wealth management services market, in terms of total revenues in 2021, focused on serving HNW and ultra HNW investors.

Zhong Lun Law Firm has worked extensively with Noah Holdings for a long term and continued to act as the issuer’s PRC legal adviser in this offering. The legal team from Zhong Lun was led by partners Anthony Zhao, Catherine Chen and William Jia, and included non-equity partner Roy Zheng and associates Cynthia Yuan, Myron Hu, etc.; partner Jihong Chen and associate Jian Chen advised on the cybersecurity review and data compliance in relation to this offering.

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Zhong Lun Advises on Noah Holdings' Secondary Listing in Hong Kong