Native name 来宝集团 Traded as SGX: N21 Founded 1986 Revenue 67 billion USD (2015) | Type Public Industry Conglomerate Founder Richard Elman Headquarters Hong Kong | |
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Key people Richard Samuel Elman (Chairman), William James Randall (Co-CEO), Jeffrey Scott Frase (Co-CEO) Stock price N21 (SGX) SGD 0.19 0.00 (+1.60%)28 Mar, 5:04 PM GMT+8 - Disclaimer CEO Yusuf Alireza (16 Apr 2012–) | ||
Noble Group Limited (SGX: N21) is a physical commodities trader. Sourcing bulk commodities from low cost regions such as South America, South Africa, Australia and Indonesia, the Group supplies high growth demand markets, particularly in Asia and the Middle East. The company was ranked number 76 in the 2014 Fortune Global 500. The company is currently incorporated in Bermuda.
Contents
Noble group of companies
Ratings
Noble is rated (B2) by Moody's Investors Service and (B+) by Standard & Poor's.
1997
Listed on the Singapore Stock Exchange.
2002
Included in the Fortune 500.
2009
Beijing's sovereign wealth fund, China Investment Corp (CIC), took a 14.9% stake (573 million shares) in the company.
CIC cut its stake to less than 10% in 2014.
2012
Completion of Gloucester coal and Yancoal merger.
2014
Agreement reached for a COFCO-led consortium to acquire 51% of Noble's agricultural business, forming JV Noble Agri.
2015
Noble's share price tumbled 65% as it suffered from criticism of its accounting practices, while its credit rating was downgraded to junk. The remaining 49% of its agricultural business was also sold.
Noble recorded net losses of $1.7 billion in 2015.
2016
CEO Yusuf Alireza resigned on May 29th