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Noble responds to SGX queries on sale of gas and power unit

Nisha Ramchandani

Published Mon, Oct 9, 2017 · 09:50 PM

Singapore

CHANGES in working capital and amounts placed in escrow led commodity trader Noble Group to receive less from the sale of its gas and power unit than had earlier been indicated, the company said on Monday in response to queries from the Singapore Exchange (SGX).

Noble Group said on Oct 2 that it had sold Noble Americas Gas & Power Corp (NAGP) to Mercuria Energy America Inc (MEC) and received US$102 million. On Aug 31, Noble told its shareholders that it would have received US$261 million in total consideration if the deal had …

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Companies & Markets

Companies & Markets

Noble responds to SGX queries on sale of gas and power unit

Nisha Ramchandani

Companies & Markets

Wilmar appoints former minister George Yeo as independent non-executive director

UOB Kay Hian says ‘disadvantageous’ to reveal details of key management’s remuneration

Deutsche Bank has cut dozens in Asia private banking overhaul

Middle East violence heightens market fears of rate hikes, inflation

Tokyo's Nikkei drops more than 1,000 points, most in 3 years

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

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