Noble files HK suit after third Iceberg report
It acts against ex-Noble credit analyst and a firm which registered Iceberg site
Singapore
NOBLE Group has thrown a legal punch back at the parties that it says have been waging a month-long campaign to accuse the commodities trading company of aggressive accounting.
Noble shares rallied 4 per cent, or 3.5 Singapore cents, to close at 91 Singapore cents on Monday. The stock was the day's most actively traded.
After saying it would start legal proceedings in a pre-market announcement, the commodities group filed a writ of summons in the Hong Kong courts against Hong Kong-based Arnaud…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in