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Singapore authorities reviewing research report on Noble
A research report into Noble Group, that alleged it manipulated its accounts to mislead investors, is being reviewed by the Monetary Authority of Singapore (MAS).
1 Min Read
Kalyakan - stock.adobe.com
The report by Iceberg Research published on Sunday caused Noble’s shares to fall nearly 8% on the Singapore Exchange on Monday. "MAS will take appropriate action if there are breaches of the SFA (Securities & Futures Act)," Reuters reported.
In a statement to SGX Noble said, “Noble welcomes this development and will fully co-operate with, and fully support, the MAS investigation.”
To date it is the only report published by Iceberg Research.
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