Goldilocks lifts stake in Noble to over 8%

Goldilocks Investment Company has increased its stake in struggling commodity company Noble Group, TradeWinds has learnt.

The fund, which is controlled by the Abu Dhabi Financial Group (ADFG), now controls 8.2% of the Hong Kong-based company.

Goldilocks acquired 41.6m more of its shares for SGD 23.3m ($16.6m) via market transactions late last week, according to a regulatory filing.

Last week shares in Singapore-listed Noble jumped almost 40% to their highest level since May on speculation that an investor was increasing its stake in the company.