, Singapore

Noble Group may list agri-business on SGX

The group has filed an application relating to a primary listing of its agricultural business on the SGX Mainboard.

OCBC believes the listing would most likely happen in 1H12.

Here’s more from OCBC:

However, management mentioned that no final decision has been made on the possible listing proceeding, which will be subject to the market conditions, amongst other factors including regulatory approvals.

Noble added that it will keep shareholders updated on material developments as and when appropriate. Given the current market conditions, we believe that such a listing would probably happen in 1H12; while the move may potentially unlock value for the group, it is still too early to make any adjustments to our estimates. Meanwhile, we are also in the process of reviewing our estimates to account for the higher risk of a global economic slowdown.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.