Noble Group shareholders have approved overwhelmingly the commodity player’s plan for a one-for-one rights issue.
The Singapore-listed company said 98.87% of shareholders voted in favour of the resolution at a special general meeting.
Noble unveiled the $500m one-for-one rights issue on 3 June with each new share to be issued at SGD 0.11 – a 65% discount to the last closing price of SGD 0.30.
“We
