Noble Group Limited (SGX: CGP) manages a portfolio of global supply chains across a range of industrial and energy products. They market, process, finance and transport key commodities, connecting low-cost producing regions with high-demand growth markets. The company is incorporated in Bermuda.
Video Noble Group
Bond Ratings
Noble's bonds are rated (Caa1) by Moody's Investors Service and (CCC+) by Standard & Poor's.
Maps Noble Group
Milestones
1997
Listed on the Singapore Stock Exchange.
2000
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 was fired on 29 May.
References
External links
- Noble Group Official website
Source of article : Wikipedia
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