Boston, MA 05/29/2013 (wallstreetpr) – In Tuesday’s trading session, shares of Noah Holdings Limited (NYSE:NOAH) rose by 21.93%. The opening price $13.10 touched an intraday high of $14.64 before dipping to $11.87 per share. More than 0.490M shares were traded in Tuesday’s trading session which was higher than the average volume of 0.120M that was measured over a period of 30 days.
Noah Holdings Limited (NYSE:NOAH) was incorporated on 29 June 2007. Via its subsidiaries the company is a service provider which focuses on the distribution of wealth management products. The company’s target market is the high net-worth population of China. NOAH provides straight access to the country’s high net-worth population. Noah Holdings Limited (NYSE:NOAH) is a holding company. It conducts business via Shanghai Noah Rongyao Investment Consulting Co, its PRC subsidiary, Shanghai Noah Investment Management Co, its variable interest entity and their respective subsidiaries who operate in China. Most of the company’s businesses are conducted by Noah Rongyao. However, its insurance brokerage business is conducted via Noah Investment and that company’s subsidiaries.
Noah Holdings Limited (NYSE:NOAH)’s products choices cover a range of products. It has over-the-counter products that have originated in China and are designed to cater to the specific needs of high net-worth population. The company has more than 300 relationship managers spread across 28 branch offices. Its coverage network includes China’s economically developed areas where there is a concentration of high net-worth population. These areas include the Pearl River Delta, Yangtze River Delta and the Bohai Rim.
