Two executive directors of Noble Group are spearheading an effort to buy up all of its issued share capital, withdraw the company from the stock exchange and possibly relist it elsewhere. Following a decision to suspend trading on Tuesday, the diversified group said yesterday executive directors Richard Elman and Harindarpal Banga, together with United Overseas Bank and General Oriental Investments, had proposed buying out the other shareholders. The offer is expected to be between $2 and $2.05 a share. The share was suspended at $1.83. Noble Temple Trading, with 58.49 per cent of Noble Group, is beneficially owned by the trustee of a discretionary trust for the wife and children of Mr Elman. Mr Banga and his wife own Lexdale International, which has 13.5 per cent of Noble Group.