NOBLE Hikes 3.28% as BTS Stepping in, Taking 3rd Major Shareholders Spot with 9.9% Stake

NOBLE hikes 3.28% as BTS Stepping in, taking 3rd Major shareholders spot with 9.9% Stake

Noble Development Public Company Limited (NOBLE) announced management restructuring after resignation of Mr. Kitti Thanakitamnuay and approved Mr. Thongchai Busrapan to be the new director of NOBLE to replace the resigned Kitti Thanakitamnuay, effective from April 25, 2019.

After management restructuring, there are 3 Major shareholders of NOBLE which are Mr. Thongchai Busrapan (holding 23.3%), Fulcrum Global Capital (FGC) (holding 24.9%), and BTS Group Holdings Public Company Limited (BTS) (holding 9.9%), which they have the same vision to develop company growth by leaps and bounds and expect the target of revenue recognition to reach THB 10 billion in next 3 years.

Moreover, NOBLE also revealed that the new management team has planned for new investments with the budget THB 3000 million as well as creating new brands to capture the market for this project.

As the result of the new management team, NOBLE’s share closed the morning session at THB 18.90/share, increased THB 0.60/share or 3.28% with a trading value of THB 192 million. The highest price in the morning session was THB 19.40/share, while the lowest was THB 17.90/share.