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SGX welcomes Noble's decision to get third-party review

Tuesday, July 7, 2015 - 14:55

NobleGrp.jpg
THE Singapore Exchange on Tuesday afternoon said that it "welcomes Noble Group's initiative to increase transparency", given the company's decision to commission a third-party review of its mark to market models and valuations.

THE Singapore Exchange on Tuesday afternoon said that it "welcomes Noble Group's initiative to increase transparency", given the company's decision to commission a third-party review of its mark to market models and valuations.

"This will address and help bring closure to questions raised by the market on this issue," said SGX in a statement.

The exchange said it has been monitoring public comments and Noble Group's responses; it will continue to do so and request for further clarity, if necessary.

SGX added: "We have been in close communication with the company on meeting the needs of its stakeholders and we look forward to the company's release of the results of the third-party review."

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