Noble continues share buyback

Mindy Tan

Published Wed, Jun 24, 2015 · 01:58 AM

NOBLE Group said on Wednesday it has purchased 14 million of its own shares at S$0.69445 apiece, or a total consideration of S$9.75 million.

It now holds 119.71 million of its own shares, equivalent to 1.78 per cent of equity by way of market acquisition. The buyback marks the commodity trader's sixth such transaction in June 2015.

The firm on Monday bought back three million shares at S$0.69529 apiece.

Separately, Noble announced that Yu Xubo (Patrick) has been appointed as a non-executive director of the company with effect from June 24. Mr Yu joins the board as the replacement for Li Rongrong who was nominated by Best Investment Corporation and whose term has expired.

READ MORE:

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes