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Noble Group Eyes Strategic Investor

By Coco Feng

(Beijing) — Singapore-listed trading house Noble Group Ltd. said it is in talks to get a possible strategic investment, following a media report that it was in early-stage talks to sell a stake in itself to Chinese petrochemical giant Sinochem Corp.

“The board wishes to advise that Noble Group is currently engaged in discussions regarding a possible strategic investment,” Noble said in the statement to the Singapore stock exchange on Tuesday. “However, no binding arrangements have as yet been entered into with respect to this possible transaction and, accordingly, there can be no assurance that this transaction will be concluded.”

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