Hot stock: Noble down 10% on trading resumption, most active stock on SGX
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
COMMODITY trader Noble Group was the most active stock on Singapore Exchange by volume traded on Friday morning.
It fell by as much as 10 per cent to S$0.27 after resuming trading at about 10.25 am. Some 45.2 million shares had changed hands.
Trading resumed after Noble requested for a brief halt as it unveiled a one for one rights issue at more than 60 per cent discount to Thursday stock price close of S$0.30.
The commodities trader also announced the impending step-down of its founder and executive chairman Richard Elman, changes to its board of directors as well as the US$500 million rights issue.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
