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Noble's chairman increases his stake as shares sink
Published Mon, Jan 11, 2016 · 09:50 PM
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Singapore
NOBLE Group Ltd chairman Richard Elman stepped up his defence of the commodity trader that he founded by boosting his stake after the stock sank to the lowest since 2008, the company's credit rating was cut to junk and analysts scaled back price targets.
Mr Elman bought 10 million shares on Friday for S$3.19 million, raising his holding to 22.13 per cent, according to a statement to the Singapore Exchange on Monday…
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