Noble Group
 | |
| Public | |
| Traded as | SGX: N21 |
| Industry | Conglomerate |
| Founded | 1986 |
| Headquarters | Hong Kong |
Key people | Richard Samuel Elman (Chairman), Yusuf Alireza (CEO) |
| Products | Agriculture, Energy, Metals, Minerals, Logistics |
| Revenue | US$ $85.8 billion [1] (2014) |
Number of employees | 1,900 (2014) |
| Website | www.thisisnoble.com |
Noble Group Limited (SGX: N21) manages a portfolio of global supply chains covering a range of industrial and energy products. Operating from over 60 locations and employing more than 40 nationalities, Noble facilitates the marketing, processing, financing and transportation of essential raw materials. 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 is ranked number 76 in the 2014 Fortune Global 500.[2] The company is currently incorporated in Bermuda.
Ratings
Noble is rated (Ba3) by Moody's Investors Service and (BB-) by Standard & Poor's.
Milestones
1997
Listed on the Singapore Stock Exchange.[3]
2002
Included in the Fortune 500.
2009
Beijing's sovereign wealth fund, China Investment Corp, took a 14.9% stake (573 million shares) in the company. [4]
CIC cut its stake to less than 10% in 2014.
2012
Completion of Gloucester and Yancoal merger.[5]
2014
Agreement reached for a COFCO-led consortium to acquire 51% of Noble's agricultural business, forming JV Noble Agri.[6]
2015
Noble's share price tumbled 65% as it suffered from shortselling attacks, while its credit rating was downgraded to junk. The remaining 49% of its agricultural business was also sold.[7]
Noble recorded net losses of $1.7 billion in 2015.
References
- ↑ "NOBLE GROUP LTD (NOBL:Singapore): Financial Statements - Businessweek". Bloomberg.com. Retrieved 2015-07-31.
- ↑ "Noble Group - Global 500 2014". Fortune.com. Retrieved 2015-07-31.
- ↑ "Noble's SGX IPO Prospectus" (PDF). Thisisnoble.com. Retrieved 2015-07-31.
- ↑ "CIC Buys 15% Stake in Noble Group to Gain Commodities". Bloomberg.com. Retrieved 2015-07-31.
- ↑ "Proposed Merge". Infopub.sgx.com. Retrieved 2015-07-31.
- ↑ "China's COFCO to pay $1.5 billion for stake in Noble's agribusiness". Reuters.com. Retrieved 2015-07-31.
- ↑ SCMP http://www.scmp.com/business/companies/article/1896650/noble-rating-cut-junk-commodities-continue-tumble?utm_source=edm&utm_medium=edm&utm_content=20151231&utm_campaign=scmp_today. Retrieved 30 December 2015. Missing or empty
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External links
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