<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=noble"> Noble Group</a> said on Friday its shareholders approved the commodities trader&#8217;s plan to raise more than $500 million in a share issue.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=noble"> Noble Group</a> said on Friday its shareholders approved the commodities trader&#8217;s plan to raise more than $500 million in a share issue.
Through the deeply discounted share issue, the firm is seeking to strengthen its balance sheet amid weak markets and the fallout from an accounting dispute.
Noble is raising S$718.9 million ($528.25 million) in a one-for-one rights issue priced at 11 Singapore cents each. Chairman Richard Elman is taking up 9.6 percent of the new shares, while sovereign wealth fund China Investment Corp (CIC) is taking up its full entitlement.
Last week, <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=s&amp;p">Standard and Poor&#8217;s</a> cut Noble&#8216;s credit rating deeper into junk status.
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<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/noble-group-to-divest-american-energy-business-by-second-half-of-2016-43984/">Singapore: Noble Group to close sale of US energy business by second half</a>
Reuters

Noble Group said its shareholders approved the commodities trader's plan to raise more than $500 million in a share issue.

Singapore: Shareholders approve Noble Group's over $500m rights issue

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Singapore: Shareholders approve Noble Group's over $500m rights issue

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