Noble currently in talks with strategic parties

However, Sinochem investment is now a miss.

In a report from Reuters, embattled commodity trader Noble Group Ltd said on Wednesday that discussions with various potential strategic parties are ongoing, seeking to regain market confidence.

S&P this week slashed Noble's corporate credit ratings by three notches deeper into junk territory and warned that it might not be able to pay its debt.

In a separate report, Reuters said China's state-owned Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader.

When Sinochem held talks with Noble earlier this year to buy a stake, sources have told Reuters that a deal could help the oil, gas and petrochemicals producer to become a globally active energy trader.

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