Franklin Resources pares deemed interest in Noble Group

FRANKLIN Resources, Inc sold 9,177,900 shares in Noble Group for S$3,872,156 on May 5. According to Noble's SGX filing on Sunday, the shares were sold by "funds and managed accounts that are managed by investment advisers directly or indirectly owned by Franklin Resources, Inc".

This brings Franklin Resources, Inc's deemed interest in the commodities trader to 5.94 per cent - down from 6.08 per cent.