FILE
PHOTO: Fighting to survive: Noble Group’s fate hangs on investors
restructuring vote
Thomson
Reuters
By Anshuman Daga
SINGAPORE (Reuters) – Singapore-listed Noble Group Ltd faces a
make-or-break shareholders’ meeting on Monday as investors vote
on a $3.5 billion debt restructuring plan that its creditors and
board say is vital to prevent insolvency.
The company, once a global commodity trader with ambitions to
rival Glencore or Vitol, has shrunk to an Asian-centric business
focused on coal and freight trading after it slashed hundreds of
jobs and sold prized assets to cut debt.
Noble, whose market value has been nearly wiped out fr…
Read the full article at: http://uk.businessinsider.com/r-fighting-to-survive-noble-groups-fate-hangs-on-investors-restructuring-vote-2018-8