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Noble Group shares plummet to 13-year low: Bloomberg

Singapore Business Review

Investors are jittery over its cash-raising activity.

According to Bloomberg, Noble Group Ltd. dropped for a second day in Singapore, slumping to the lowest price since 2003, ahead of a one-week period that’ll see the commodity trader’s new rights-issue stock begin trading and the company report quarterly earnings.

The shares lost as much as 5.3 percent to 12.6 Singapore cents and traded at 13 cents at 12:11 p.m. in the city-state. On Tuesday, the stock sank 18 percent, drawing a query from the exchange. Hong Kong-based Noble Group said it was unaware of the reason for the move.

Read the full story here.

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