HK was the world’s biggest initial public offering (IPO) venue in 2016 but has been struggling to attract new companies this year.
The sale has attracted interest from brewers seeking access to one of Asia’s most-promising beer markets.
Lacey, who joined Citi roughly 10 years ago, will start in his new job in a few months.
Shares of Noble Group were halted in the afternoon, pending the “announcement of a major transaction,” the company said.
Interested buyers include private equity firms and financial services companies.
This is a part of a plan to slim down drastically its core Asian coal trading business after a crisis-wracked two years.
Primary targets include the United States and China, where it already has joint ventures, including Dunkin’ Donuts .
A successful bid by Jollibee would mark the biggest overseas deals to date by the Filipino company.
Deals are still being made and 2017 promises to be a year on par with 2015 but the road is not without hurdles.
AXA’s Hong Kong wealth management unit is expected to be valued at about $500 million.