Noble shares rise on financing, investment possibilities

Singapore

NOBLE Group on Monday revealed that it has been approached by several parties with financing, strategic and investment options, but said that there is no guarantee of any transaction in the near future.

The revelation caused the battered stock to rebound by as much as 8.8 per cent in the morning; it ended the day 3.3 per cent, or 1.5 Singapore cents, higher at 47 cents. Like the previous two trading sessions, Noble was the most heavily traded stock on the exchange on Monday, with 118.5 million shares changing hands.