30 Sep '14, 11am

Noble Drops Most Since 2012 as CIC Offers Stake: Singapore Mover: Noble Group Ltd. (NOBL),

Noble Group Ltd. (NOBL) , Asia ’s biggest commodity trader by revenue, fell the most in almost two years in Singapore trading as its second-largest shareholder put part of its stake up for sale. China Investment Corp.’s Best Investment unit offered 300 million Noble shares at S$1.32 to S$1.35, according to a term sheet obtained by Bloomberg. A trade of that size took place at S$1.32 at 9:16 a.m. local time. Noble tumbled 7.2 percent to S$1.295 at 1:31 p.m., the biggest decline since Nov. 14, 2012. “It’s a really pessimistic sign for investors when such a big shareholder isn’t optimistic on the long term outlook for Noble,” Ryan Huang, a strategist at IG Ltd. in Singapore, said by phone. “This could prompt other stakeholders to review holdings.” China ’s largest sovereign wealth fund took a stake in Noble in 2009, acquiring 573 million shares for S$2.1137 each, according to...

Full article: http://www.sqqr.us/2014/09/noble-drops-most-since-2012-as...

Tweets

Since it's the long weekend, how abt doing your...

zalora.sg 05 Oct '14, 2pm

Nail Care Products - Get Groomed Your fingernails provide clues to your overall health but they can be one of the most neg...

Rental volume grows as buyers wait for further ...

propertyguru.com.sg 30 Sep '14, 10am

Comment E-mail to friend Bookmark & Share More homeowners are deciding to sell their property before prices fall further a...