SINGAPORE: Singapore-listed commodity merchant Noble Group has requested an immediate halt to trading on Singapore Exchange (SGX), the company said on Friday.
Noble said the reason for the trading halt was a "pending announcement of a major transaction."
The company has in the past said that it planned to sell its U.S. oil and gas business.
Noble, once Asia's biggest commodity trading house, has in the past year come under fire for its accounting methods, and its share prices have collapsed by over 95 percent from their peak in 2011 to below 40 Singapore cents. - Reuters
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
