SUBSCRIBERS
Noble Group parts with 'crown jewel' in quest to raise funds
Published Thu, Nov 3, 2016 · 09:50 PM
Singapore
NOBLE Group Ltd executives have mapped out a road to recovery for the battered commodity trader as shareholders voted to approve the sale of a US energy unit to raise funds, with chairman Richard Elman describing the asset as one of the company's crown jewels.
The company hopes to be profitable "as we were in the past" in the next one or two years, Mr Elman told a special general meeting in Singapor…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS puts 46 HDB shops, private strata retail units on market for S$210 million
China to facilitate Hong Kong IPOs and expand Stock Connect
Global equity funds see surge in outflows as rate cut hopes fade
Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece
Global wave of consultancy layoffs has not hit Singapore
P&G raises annual core profit forecast on resilient demand, price hikes