Noble edges towards liquidation as re-listing blocked

The company's creditors and shareholders are likely to suffer even bigger losses now the Singapore authorities have blocked a key part of its $3.5 billion debt-for-equity survival plan.

Noble edges towards liquidation as re-listing blocked

Noble Group's long-suffering creditors and shareholders have been dealt a potentially killer blow after the Singapore authorities blocked the re-listing plans of the former commodities trading kingpin.

Pushed closer to the brink of liquidation, Noble said on Friday that it intended to pursue an alternative to its original $3.5 billion debt restructuring plan.

In doing so, the Board, in discharging its fiduciary duties, may implement the...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS