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Noble Group Attracts Goldilocks as Major Holder as Bears Prowl

  • Abu Dhabi fund buys stake in commodity trader over two days
  • Investment comes as company gets extension of credit facility
Updated on

Noble Group Ltd., the commodity trader that’s struggling for survival, has a new substantial shareholder after an Abu Dhabi fund built up a 5 percent stake over two days. The stock rallied in Singapore.

Goldilocks Investment Co. added 50.5 million shares on June 20, after buying 15.5 million shares the day before, according to a filing to the Singapore Exchange late Thursday. Goldilocks now has a holding of 5.03 percent.