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Noah to repurchase Sequoia’s stake in Gopher AM

Noah Holdings, the independent Chinese wealth manager, will repurchase Sequoia Capital China’s (Sequoia) stake in Noah’s asset management business on account of changes in the regulatory landscape, the firm has announced. In October last year, Noah said that private equity house Sequoia had made a RMB348 million investment into Noah’s asset management arm, Gopher. Noah added at the time that…

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