The company's equity was acquired at a total price of US$, accounting for about 15% of its diluted equity. Noble shares announced the suspension of trading at around 9 am that day.
In this transaction, JPMorgan Chase (Asia-Pacific) Company acts as the financial advisor of CIC, and Merrill Lynch (Singapore) Company acts as the exclusive placing agent of Noble Company. Noble said that the net income of this placement is expected to be around 642.2 million US dollars, and the company plans to use these funds for general corporate purposes.
According to the agreement, Noble Group will sell 573 million shares to CIC through private placement at the price of S $265,438+065,438+037 per share. Noble Group said that 438 million shares are new shares of the company, and another 654.38+35 million shares are from trust companies in which Richard Elman, the founder and CEO of the company, has interests.
With regard to ellman's reduction, Noble specifically stated that the shares sold by ellman this time only accounted for a small part of his shares, and it was also the second time that he sold his personal shares since he founded this enterprise, with the purpose of organizing a charitable fund and enhancing the relations among Asian countries.
Noble Group said that after the shareholding, CIC will further cooperate with Noble in the placement of agricultural products and basic assets.
Noble Group, headquartered in Hong Kong and listed on Singapore Stock Exchange, serves more than 4,000 customers worldwide through its operating system consisting of more than 65,438+000 branches in 42 countries. In 2004, the operating income reached 8.6 billion US dollars, in 2005 it reached about11700 million US dollars, and in 2008 it reached 36 billion US dollars, ranking among the top 500 in the world.
A fund manager in Hong Kong said that CIC's investment projects are mainly in the financial industry and concentrated in developed markets. However, after nearly a year's observation, it is found that the financial industry in Europe and America is weak and the recovery is slow. Under such circumstances, it is necessary for CIC to start paying attention to investment projects in emerging markets in Asia. As for Noble Group, its logistics capability is excellent in the industry. In recent years, it has strengthened its business in agricultural products, industrial raw materials and other aspects, and began to expand into the fields of electricity and natural gas in Europe, which is a good choice for CIC.