Oil firm mulls stake buy in Noble

Sinochem Group is in early talks to become a strategic investor in Noble Group Ltd, providing the embattled Asia-based commodities trading house with an equity injection, according to sources familiar with the talks.

Noble is discussing a possible strategic investment, according to a statement on Tuesday that didn't refer to Sinochem.

"No binding arrangements have as yet been entered into with respect to this possible transaction and, accordingly, there can be no assurance that this transaction will be concluded," it said.