Noble Group is the best-performing large-cap on Tuesday after publishing its annual report and announcing that it will be holding its Annual General Meeting on Friday in Singapore.
By 10.11am, the stock had risen 5.6% to 47.5 cents, with some 90.8 million shares traded.
The market seemed unfazed by Noble’s setback in its Hong Kong lawsuit. On Monday, a Hong Kong court rejected a bid by Noble for summary judgement against a credit analyst and his firm, who are believed to have published the Iceberg reports on the commodities trading firm.
According to The Straits Times, the court found that French national Arnaud Vagner, who worked for Noble for over two years until June 2013, was justified in answering queries from Noble "the way he did". The queries were made in legal preliminaries in the run-up to the suit against him. Noble is seeking damages from Mr Vagner and his Seychelles-based Enlighten Ace on two counts of conspiracy to injure.
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By 10.11am, the stock had risen 5.6% to 47.5 cents, with some 90.8 million shares traded.
The market seemed unfazed by Noble’s setback in its Hong Kong lawsuit. On Monday, a Hong Kong court rejected a bid by Noble for summary judgement against a credit analyst and his firm, who are believed to have published the Iceberg reports on the commodities trading firm.
According to The Straits Times, the court found that French national Arnaud Vagner, who worked for Noble for over two years until June 2013, was justified in answering queries from Noble "the way he did". The queries were made in legal preliminaries in the run-up to the suit against him. Noble is seeking damages from Mr Vagner and his Seychelles-based Enlighten Ace on two counts of conspiracy to injure.
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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