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...

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