TIMELINE-Singapore's Noble Group: From riches to rags

Share price of Noble Group have plunged following credit ratings downgrades and a series of writedowns.

An employee is reflected on the wall as she walks past a signage of Noble Resources, a Noble Group subsidiary, at their premises in Singapore. REUTERS

Singapore-listed Noble Group's major shareholder, Goldilocks Investment, raised stake in the embattled commodity trader on Tuesday, allaying immediate concerns that the company would default.

Following is a list of important events so far this year:

July 16, 2017

Noble Group shares climb amid speculation of stake build

June 23, 2017

Fitch Ratings cut Noble's credit rating to a score indicating that a default is possible

June 22, 2017

Goldilocks buys 5.03 percent stake in the company

June 16, 2017

Noble Group seals deal with banks to extend a $2 billion credit facility

June 14, 2017

Ex-CEO filed suit against founder for owing stock in the company

May 26, 2017

Fitch Ratings cut the embattled commodity trader's rating for a second time

May 25, 2017

Fitch Ratings cut Noble's rating by three steps to B- and notes on negative watch

May 24, 2017

Noble Group says discussions with strategic parties ongoing

May 11, 20017

Noble Group says it might not be profitable until 2019

February 20, 2017

Company closes $1 billion borrowing facility

February 27, 2017

Commodity trader posts a small profit for 2016