OREANDA-NEWS.Singapore Exchange (SGX) notes the announcement today by the board of Noble Group Limited including the intention to provide additional disclosures around the Yancoal valuation and on the inventory sales.

SGX had noted unusual trading of Noble shares on 30 July 2015 and had issued a public query to the company. The company then replied that it was not aware of any reason that could explain share trading activities. SGX subsequently issued a “Trade with Caution” alert.

The exchange will continue to closely monitor developments in Noble including trading of its shares. We stand ready to take action against any market misconduct including any suspected manipulation and will work with the relevant authorities as appropriate.