Noble Group: Further Reductions In NAV From CAD & MAS Investigations.06 Dec 2018 17:51
There could be even further reductions in New Noble's NAV arising from investigations by CAD and MAS that extend beyond the potential non-compliances with accounting standards highlighted by ACRA. CAD and MAS are looking into other relevant areas in connection with the preparation and disclosure of NGL's financial statements, including valuation of commodity contracts and other related assets. The findings arising from these investigations could potentially lead to a further erosion of New Noble's NAV...
Source: ShareInvestor Express