Noble Group

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Noble Group Limited
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, as well as having a 49% interest in Noble Agri, its agricultural partnership with COFCO. 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[edit]

In late 2009, Noble achieved "Investment Grade" ratings (Baa3) from Moody's Investors Service and (BBB-) from Standard & Poor's, complementing its initial "Investment Grade" rating (BBB-) from Fitch the previous year. In addition, Noble Group is among the 30 securities listed on the Straits Times Index.

Fitch downgraded its rating to Junk on 29 December 2015.

Milestones[edit]

1997[edit]

Listed on the Singapore Stock Exchange.[3]

2002[edit]

Included in the Fortune 500.

2009[edit]

Beijing's sovereign wealth fund, China Investment Corp, took a 14.9% stake (573 million shares) in the company. [4]

2012[edit]

Completion of Gloucester and Yancoal merger.[5]

2014[edit]

Agreement reached for a COFCO-led consortium to acquire 51% of Noble's agricultural business, forming JV Noble Agri.[6]

2015[edit]

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]

References[edit]

  1. ^ "NOBLE GROUP LTD (NOBL:Singapore): Financial Statements - Businessweek". Bloomberg.com. Retrieved 2015-07-31. 
  2. ^ "Noble Group - Global 500 2014". Fortune.com. Retrieved 2015-07-31. 
  3. ^ "Noble's SGX IPO Prospectus" (PDF). Thisisnoble.com. Retrieved 2015-07-31. 
  4. ^ "CIC Buys 15% Stake in Noble Group to Gain Commodities". Bloomberg.com. Retrieved 2015-07-31. 
  5. ^ "Proposed Merge". Infopub.sgx.com. Retrieved 2015-07-31. 
  6. ^ "China's COFCO to pay $1.5 billion for stake in Noble's agribusiness". Reuters.com. Retrieved 2015-07-31. 
  7. ^ 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 |title= (help)

External links[edit]