You are here

Noble Group rejects allegations by Iceberg Research

Monday, February 16, 2015 - 15:00

NOBLE Group has rejected the allegations made by Iceberg Research.

"The company completely rejects the allegations. All material information to which Iceberg Research refers is in the public domain. There has been no material adverse change since the company last reported," said Noble in a statement issued on Monday afternoon.

Iceberg Research issued a report on the group on Feb 15, alleging that the latter "exploits the accounting treatment of its associates to avoid large impairments and fabricate profit".

Noble's counter fell 9.5 Singapore cents to S$1.110 as at 2.45pm. The company said it will announce its 2014 results on Feb 26.

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom