(May 30): Noble Group is seeking a strategic investor to drag the beleaguered commodities trader out of what it calls an “incredibly difficult environment.”

The company’s market value has shriveled by more than US$1 billion ($1.4 billion) this year as the Hong Kong-based firm reported a first quarter loss, S&P Global Ratings flagged a risk of default and Fitch Ratings cut its credit rating twice in less than two weeks.

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