Invesco Ltd bought 3,685,800 shares of Noble at S$1.1605 (see SGX Announcement 1) on February 9, 2015.
Today, it announced that it has sold 7,614,800 shares of Noble at S$1.0147 (see SGX Announcement 2) on Friday, February 27, 2015.
Clearly, Invesco has cut loss!
More importantly, now that it has less than 5.0% holdings, Invesco can continue to sell the shares of Noble without having to make any announcement on the SGX at all,