MAS says reviewing statements in research report on Noble
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SINGAPORE] The Monetary Authority of Singapore said it was reviewing a report by Iceberg Research that claimed Asian commodity trading firm Noble Group used aggressive accounting to mislead investors. "MAS will take appropriate action if there are breaches of the SFA," it said in an email to Reuters, referring to the Securities & Futures Act.
Noble, which is listed in Singapore but based in Hong Kong, has rejected the little-known research firm's allegations made in a report posted online on Sunday.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
