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Stocks to watch: Noble, CNA, Yangzijiang

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NOBLE Group is seeking about US$3 billion of bank loans to refinance debt that will be due in May, according to reports.

NOBLE Group is seeking about US$3 billion of bank loans to refinance debt that will be due in May, according to reports.

The commodities trader has a US$2 billion 364-day revolving credit facility signed in May 2014, and in May 2012 it signed a multi-tranche loan that included a US$992 million three-year revolver and a 155 million euro (S$232 million) three-year revolver.

Noble is doing the refinancing as it deals with allegations of aggressive accounting by a research firm called Iceberg Research.

Noble shares closed at S$1 on Monday.

CNA Group has secured S$9.65 million of contracts from July 2014 to February 2015, the provider of building management systems said on Tuesday. Those contracts are expected to have a material impact on 2015 earnings.

The company's current order book stands at S$77.1 million.

CNA Group's shares last traded at 2.4 Singapore cents on Monday.

Yangzijiang Shipbuilding Holdings executive chairman and group chief executive Ren Yuanlin will pass the CEO title to his son, Ren Letian, on May 1. The father will remain as executive chairman.

Mr Ren Letian joined the shipbuilder in 2006, and is currently general manager of Jiangsu New Yangzi Shipbuilding Co.

Yangzijiang shares closed at S$1.22 on Monday.

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