Richard Elman

Richard Elman, Noble Group

The rise and fall of a commodities giant in Asia

(June 5): The profit warning landed at 10.37pm Singapore time on a Tuesday in early May. It was the night before a holiday in the city-state where shares of Noble Group are traded. The market would be closed the next day, giving investors more than 24 hou

Man who helped bury Lehman turns to saving troubled trader Noble

LONDON (March 15): As Noble Group investors head for the door, the embattled commodity trader has turned to a man whose resume is a roll-call of Asia’s highest-profile corporate collapses.

Noble confirms it is in talks with strategic investor

SINGAPORE (Feb 14): Noble Group confirmed that it is currently engaged in discussions regarding a possible strategic investment in the company.

Noble Group jettisons ‘crown jewel’ in quest to raise funds

(Nov 3): Noble Group executives mapped out a road to recovery for the battered commodity trader as shareholders voted to approve the sale of a US energy unit to raise funds, with Chairman Richard Elman describing the asset as one of the company’s crown

Noble Group hunts investor as profit seen up to two years away

SINGAPORE (Sept 19): Noble Group is still seeking a strategic investor as the founder and chairman of the embattled Asian commodities trader says it will take as much as two years for a return to profit.

Noble Group shares retreat to lowest since 2003 in Singapore

SINGAPORE (Aug 3): Noble Group 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
Yusuf Alireza

Noble Group’s new CEOs face challenge of raising US$1 bil

GENEVA / SINGAPORE (May 31): Yusuf Alireza has gone but Noble Group Ltd’s challenges remain. The commodity trader that announced the chief executive officer’s resignation on Monday as yet more assets were put up for sale, still faces the hurdle of rai
CEO Yusuf Alireza

Noble Group CEO Alireza resigns; to sell Noble Americas Energy Solutions

SINGAPORE (May 30): Noble Group on Monday said it has accepted the resignation of CEO Yusuf Alireza, who guided the embattled Singapore-listed company though “some of the most difficult market conditions ever seen in commodities markets”.
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