Noble Group buys into Pan Asia

PERTH (miningweekly.com) – Asia’s largest diversified commodities group Noble Group has taken a 5.34% stake in ASX-listed Pan Asia, worth nearly $500 000. Pan Asia told shareholders on Thursday that it had entered into a share subscription agreement with Noble, under which the Singapore-listed Noble would subscribe for seven-million shares, at a price of 7c a share. "We are ...