Noble Group shares crash 8% after deal announcement
SGX issued a trading activity query.
Noble Group announced early today that it had closed a deal with COFCO to establish an agribusiness joint venture, after which its shares plunged to $1.29 in early trade.
In a media release, Noble announced that there will be an unconditional disposal of 51% in Noble Agri Limited in connection with the proposed sale by Noble Agri International Limited to COFCO.
The deal, first announced in April, has been completed.