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Noble Group looks to change it up

Noble Group is going through quite the transition. After announcing asset sales to generate some US$1.5 billion, the company has said it will raise another US$500 million through a dilutive rights issue and replace its founder and executive chairman Richard Elman.

Noble Group looks to change it up Noble Group looks to change it up Noble Group looks to change it up Noble Group looks to change it up Noble Group looks to change it up

The oil and gas price fall has stretched Noble's financial resources (photo: Eric Kounce)

While the company has mooted some of the funds will be used to reduce the company’s net debt, which stood at US$3.

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