SINGAPORE — Listed commodity trader Noble Group, once an industry leader in Asia, is facing an uncertain future as its restructuring process comes under threat after it missed bond repayments.
On Thursday morning, Noble halted trading of its shares.
In a statement on the Singapore Exchange, the company said that it had defaulted on its debts. Noble, which made billions of losses in 2017, also said: “There is no certainty and assurance … that the proposed restructuring will be completed.”
The company also warned debt-holders and shareholders to “exercise caution when dealing in the securities of the group.”
A few days ago, Noble said it “has not and will not make payment” of the corporate bonds due in 2018 and 2022. S&P Glo…
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