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Noble CEO issues open letter to refute claims

He explains need for cash-flow model in Yancoal valuation but critics call for more info

Published Wed, Jun 17, 2015 · 09:50 PM

Singapore

THE long-running battle between beleaguered commodities trader Noble Group and its toughest critics has entered into its fifth month, with no end in sight.

Noble's CEO Yusuf Alireza on Wednesday issued an open letter to former Temasek Holdings executive Michael Dee, refuting claims made in the latter's memo earlier this month.