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Noble chairman boosts his stake in company to 21%

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Published Tue, Mar 3, 2015 · 09:50 PM

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    Singapore

    NOBLE Group's chairman and founder increased his holding in Asia's biggest commodity trading house as Standard & Poor's said the company's credit rating was unaffected by criticism over its accounting practices. The shares gained S$0.065 to S$1.01 on Tuesday.

    Richard Elman purchased 4.8 million shares at a price of 93.54 Singapore cents a share in a transaction worth about S$4.5 million, lifting his stake in Noble to 21 per cent, according to a March 2 filing.

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