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Revisions

Noble confirms it is in talks with strategic investor

PC Lee Published on Tue, Feb 14, 2017 / 12:32 PM GMT+8

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SINGAPORE (Feb 14): Noble Group confirmed that it is currently engaged in discussions regarding a possible strategic investment in the company.

According to a Reuters report, Sinochem Group is in early talks to become a strategic investor in Noble Group, providing the embattled Asia-based commodities trading house with an equity injection.

Noble has been fighting to prop up its finances after a torrid 2015 and 2016 during which its share price collapsed amid attacks on its accounting and the first yearly loss in almost two decades.