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Sinochem

16Feb 2017

Exclusive: China’s Sinochem in early talks to buy stake in Noble Group – sources

The company logo of Noble Group is seen at its headquarters in Hong Kong March 23, 2015. REUTERS/Bobby Yip/File Photo

Shares in Noble Group climbed by nearly a fifth after the embattled commodities trader confirmed it was in talks with a strategic investor, following a report it was in early discussions with China’s Sinochem about an equity investment. The stock rose as much as 16.8 per cent on Tuesday morning in Singapore, a day after Reuters reported that state-owned Sinochem was talking with the company about buying an equity stake.

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