Noble Group short selling surges to record after rally
Published Thu, Feb 4, 2016 · 04:29 AM
[SINGAPORE] Short-selling in Noble Group Ltd, which lost about two-thirds of its market value last year amid criticism of its accounting, rose to a record on Feb 1, Markit Group Ltd data show.
That was after shares rallied 15 per cent on Jan 29, the most in three months. The commodity trader is raising US$750 million cash from the sale of the remaining stake in its agricultural unit in an attempt to bolster liquidity.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hotel Properties prices 5-year notes at 5.1%
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in
GE Aerospace raises earnings goal on strong engine sales
BRC Asia to buy 19.9% of steel reinforcement company for S$16 million
Lockheed Martin reports higher sales on strong defence demand