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Noble shares continue to ride on deal with Cofco

Counter jumps 10% in 2 sessions to pass $1.30, a level last seen in Oct 2012

Published Thu, Apr 3, 2014 · 10:00 PM
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SHARES in Singapore-listed Noble Group extended their gains yesterday, a day after the Hong Kong-based commodities group said it would sell a 51 per cent stake in its agricultural business to China's Cofco Corp.

The deal would, in effect, create a joint venture with Cofco, the Chinese mainland's largest grain trader.

Noble shares closed trading yesterday wit…

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