Noble Group Ltd., the commodity trader thats seeking to restructure its debt, said it expects to report a net loss of between $1.73 billion and $1.93 billion for the final quarter of last year, potentially bringing losses for all 2017 to almost $5 billion.
For now, given talks with creditors and finance provided by its banks, the board is, on balance and on the basis of legal advice, satisfied that the group can continue as a going concern, until such time as the restructuring is completed, the Hong Kong-based company said in a statement on Monday.
Noble Group announced the deal to restructure $3.5 billion in debt last month, averting bankruptcy after a three-year crisis marked by losses, writedowns and controversial accounti…
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