Noble shares surge after Abu Dhabi-based investment firm becomes substantial shareholder

SINGAPORE (June 23): Shares in Noble Group are up 16.5% to 53 cents this morning with 28.6 million shares traded.

The surge came after Noble announced late on Thursday that Abu Dhabi-based Goldilocks Investment Company had bought 50.5 million shares in the group.

The acquisition boosted Goldilocks stake in Noble from 1.18% to 5.03%, making it a substantial shareholder.

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