Cofco president joins Noble board; group unveils further buyback
Patrick Yu becomes a non-executive director to replace retired Li Rongrong; market acquisition of 14 million Noble shares for S$9.75m on Tuesday
Singapore
NOBLE Group has roped in Patrick Yu Xubo, president of China's state-owned food-processing company Cofco Corporation, as a non-executive director, bringing the number of board members to 13, including nine independent non-executive directors. The appointment of Mr Yu, 49, took effect on Wednesday.
The commodities group said this on Wednesday as it also announced a further market buyback of Noble shares on Tuesday. The purchase of 14 million Noble shares for a total consideration of S$9.75 million on Tuesday worked out to S$0.69445 apiece. Together with a purchase of three million shares on Friday last week for S$2.09 million, or S$0.69529 a share, its six market acquisitions so far this …
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