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China's Cedar Holdings Group shows interest to buy commodity merchant Noble

Noble Group's shares soared as much as 37 per cent, prompting a query from Singapore Exchange, where its stock is listed

China’s Cedar Holdings Group shows interest to buy commodity merchant Noble
Reuters
Last Updated : Jan 22 2018 | 9:16 PM IST
Noble Group said it remains in talks with “potential strategic parties” after people familiar with the matter said a Chinese conglomerate had made an approach to shareholders of the commodities trader, which is separately attempting to restructure $3.5 billion in debt.
 
Cedar Holdings Group has expressed interest in buying control of Noble Group, the people said.
 
Noble Group’s shares soared as much as 37 per cent, prompting a query from Singapore Exchange, where its stock is listed.