Noble Group purchases 0.37% of shares in buyback
[SINGAPORE] Singapore-listed Noble Group Ltd said on Friday it had purchased 25 million of its own shares on the previous day, or about 0.37 per cent of its issued shares.
The Hong Kong-based commodity trading firm said in a statement that it had paid a total of S$16.8 million for the shares.
Noble's share price dipped to a fresh six-year low of S$0.63 early on Thursday, before a strong rebound pushed it to close up 9 per cent.
Credit rating agency Standard & Poor's on Thursday cut its outlook on Noble to 'negative' from 'stable', saying it expected higher earnings volatility.
REUTERS
READ MORE:
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years