Crisis-hit commodity trader Noble Group is moving closer toward a debt restructuring deal with its lenders.
The companys chairman Paul Brough told shareholders at a meeting in Singapore on Thursday that talks had been constructive and were moving forward.
Im hopeful that we will reach a conclusion at some point in the near future, said Mr Brough, a restructuring expert who was appointed chairman in May.
He was speaking after a report on Debtwire claimed the Singapore-listed group had struck an outline agreement with its creditors to restructure $3.5bn of debt.
The shareholder meeting was called to approve the disposal of dry-bulk carriers for $9…
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