Noble saga: Ball is in regulators' court
A HEADLINE in The Business Times on Saturday reads: "Noble dodges accounting queries at AGM". For 90 minutes, Noble Group founder and chairman Richard Elman "repeatedly dodged shareholders' queries on the group's accounting practices ...".
How can it be that for more than two months Noble continues to refuse to provide details of its finances to the owners of the business and show such disregard for their interests?
I have long been sceptical of the finances of Asia's commodity traders as a result of their opaque finances and dependence on short-term financing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Frasers Property H1 profit slides 81% on property value losses, lower residential contributions
US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties
Barclays cuts jobs in energy transition team it only just built
UMS Holdings Q1 net profit drops 44% to S$9.8 million
SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand
Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share