Singapore-listed commodities trader Noble Group is up 8.6% at 63 cents after reporting quarterly results and publishing an independent review of its accounting.
The company's stock price has been battered down by more than 50% since mid-February, when an anonymous blogger first accused the company of accounting irregularities, which Noble has denied.
A PricewaterhouseCoopers review of its valuation models – the most criticised aspect of Noble's accounting – found that the company had adhered to industry standards and accounting rules.
In comparison, the Straits Times Index is down 0.2%.
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The company's stock price has been battered down by more than 50% since mid-February, when an anonymous blogger first accused the company of accounting irregularities, which Noble has denied.
A PricewaterhouseCoopers review of its valuation models – the most criticised aspect of Noble's accounting – found that the company had adhered to industry standards and accounting rules.
In comparison, the Straits Times Index is down 0.2%.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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