You are here

Sinochem no longer pursuing stake in troubled Noble Group: sources

Move comes at a time when Noble is set to negotiate crucial rollover of US$2b credit facility

Hong Kong

CHINA'S state-owned Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, three sources familiar with the matter told Reuters.

When it held talks with Noble earlier this...

Market voices on: