Noah Holdings Ltd (NOAH) has released an update.
Noah Holdings Limited has triumphed in a legal battle, with Shanghai Financial Court ruling that Camsing International Holding Limited must pay RMB 3.4 billion in receivables and legal fees to Noah’s subsidiary, Shanghai Gopher Asset Management. The court decision is pending the appeal period, after which Noah intends to enforce the judgment vigorously to safeguard investor interests. This legal victory is part of ongoing proceedings against Camsing for fraudulent activities related to credit funds managed by Shanghai Gopher.
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