Noble Group: May Spin Off And List Agriculture Business On Singapore Exchange
Published Tuesday, 4th October 2011 08:51 pm - © 2011 Dow Jones
SINGAPORE -(Dow Jones)- Noble Group Ltd. (N21.SG) said Tuesday it is considering a spin off and primary listing of its agriculture business on the main board of the Singapore Exchange.
The Singapore-listed commodities supplier has filed an application in relation to this possible listing, but has yet to make a final decision on the matter, it said in a statement.
Noble's decision on the listing will be subject to market conditions and regulatory approvals, it added, without providing further details on the plans.