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Noble shares dive as China Investment Corp cuts its stake

CIC sold 300m shares at S$1.32 each; not known who buyer was

THE stock of Noble Group dived 6.8 per cent to close at S$1.30 on Tuesday as major shareholder China Investment Corp (CIC) cut its stake in the commodities group. The counter fell to as low as S$1.27 in early morning trading, prompting a Singapore Exchange query on the unusual price movements.