Noble Group Limited
 |
|
|
Native name
|
来宝集团 |
|---|---|
| Public | |
| Traded as | SGX: CGP |
| 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$46 billion (2016) |
|
Number of employees
|
1,000 (2017) |
| Website | www.thisisnoble.com |
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.
Noble's bonds are rated (Caa1) by Moody's Investors Service and (CCC+) 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 29 May.
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Wikipedia