The Board of Directors of Noble Group Holdings Limited is pleased to announce that its subsidiary Parmenter Limited has completed the sale of the vessel M/V Ocean Garnet for aggregate consideration of US$11,000,000.
The net proceeds from the disposal (after deducting brokerage and commissions) are US$10,600,000.
About Noble Group Holdings Limited
Noble Group Holdings Limited ('Noble Holdings') is Asia's leading independent energy products and industrial raw materials supply chain manager. Noble Holdings is the parent of the Noble group of companies which underwent a restructuring in the second-half of 2018 and which returned to profitability in the first-quarter of 2019. Noble Holdings operates in the supply chain of energy raw materials, technology metals, special ores and industrial minerals, and base metals, and is supported by its freight and logistics operations. It is rapidly moving into alternative energy and renewables-related businesses. Noble Holdings leverages its extensive regional network to facilitate the marketing, processing, financing and transportation of these raw materials, predominantly in Asia. It also provides supply chain and risk management services to clients.
Noble Group Limited, the former holding company of the group (which was previously listed in Singapore) but which is now unrelated to Noble Holdings following the restructuring, is undergoing a winding up process in Bermuda.
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