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Goldilocks ups stake in Noble to 8.19%

Raising of holding by Abu Dhabi firm explains stock's surge on July 6

Published Mon, Jul 10, 2017 · 09:50 PM

Singapore

CONFIRMING market speculation, struggling commodity trader Noble Group said on Monday that Abu Dhabi's Goldilocks Investment Company has further raised its substantial stake in the firm.

In a filing on Singapore Exchange (SGX) after market close, Noble said that Goldilocks' direct interest in the group has expanded from 5.03 per cent to 8.19 per cent, after buying 41.6 million shares for S$23.2 million via a market transaction on July 6.

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