China's Cedar Holdings Group shows interest to buy commodity merchant Noble

Noble Group said it remains in talks with “potential strategic parties” after people familiar with the matter said a Chinese conglomerate had made an approach to shareholders of the commodities trader, which is separately attempting to restructure $3.5 billion in debt.

 

Cedar Holdings Group has expressed interest in buying control of Noble Group, the people said.

 

Noble Group’s shares soared as much as 37 per cent, prompting a query from Singapore Exchange, where its stock is listed.