Noble Group
 |
|
|
Native name
|
来宝集团 |
|---|---|
| Public | |
| Traded as | SGX: N21 |
| Industry | Conglomerate |
| Founded | 1986 |
| Headquarters | Hong Kong |
|
Key people
|
Richard Samuel Elman (Chairman), William James Randall (Co-CEO), Jeffrey Scott Frase (Co-CEO) |
| Products | Agriculture, Energy, Metals, Minerals, Logistics |
| Revenue | US$67 billion (2015) |
|
Number of employees
|
1,500 (2015) |
| Website | www.thisisnoble.com |
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.
Noble is rated (B2) by Moody's Investors Service and (B+) by Standard & Poor's.
Listed on the Singapore Stock Exchange.
Included in the Fortune 500.
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.
Completion of Gloucester coal and Yancoal merger.
Agreement reached for a COFCO-led consortium to acquire 51% of Noble's agricultural business, forming JV Noble Agri.
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.
CEO Yusuf Alireza resigned on May 29th
...
Wikipedia