Noble shares soar on talks with strategic investor
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Singapore
SHARES in Noble Group soared on Tuesday after the struggling commodity trader confirmed that it is in talks for a possible strategic investment into the company. But while sentiment surrounding the firm might have received a boost, analysts warned that Noble has yet to see a turnaround in its fundamental business.
Reuters had on Monday evening reported, quoting three anonymous sources, that China's state-owned oil, gas and petrochemicals company Sinochem is interested in buying an equity stake in Noble Group.
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