Brief: Noah Holdings Comments On Certain Recent Developments Involving Silicon Valley Bank

Noah Holdings

12/03/2023 10:49

March 12 (Reuters) - Noah Holdings Ltd  NOAH.N :
    * NOAH HOLDINGS COMMENTS ON CERTAIN RECENT DEVELOPMENTS
INVOLVING
SILICON VALLEY BANK
    * NOAH HOLDINGS- CO CURRENTLY HAS CASH & CASH EQUIVALENTS OF
LESS
THAN $1 MILLION WITH SVB, REPRESENTING LESS THAN 0.2% OF ITS
TOTAL CASH & CASH EQUIVALENTS
    * NOAH HOLDINGS LTD SAYS HAS TAKEN NECESSARY MEASURES TO
PROTECT
AGAINST OR MINIMIZE POTENTIAL IMPACT OF SVB'S RECEIVERSHIP ON
THESE FUNDS
    * NOAH- CO BELIEVES ITS EXPOSURE TO ANY LIQUIDITY CONCERN AS
RESULT OF SVB'S RECEIVERSHIP IS IMMATERIAL TO BUSINESS
OPERATIONS OR FINANCIAL CONDITION

Source text for Eikon:  ID:nPn2V8SbJa 
Further company coverage:  NOAH.N 

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