Noble makes final debt restructuring push

Shareholders of the beleaguered commodity trading firm will decide later this month whether to save it from collapse by voting on a searing debt-for-equity swap.

It's been a long time coming but the end could finally be near for Noble Group's long-running debt saga -- subject to shareholder approval, that is. 

In a circular released on Friday, Singapore's embattled commodities group said its $3.5 billion debt-for-equity swap plan is set to be put to a shareholders' vote on August 27.

The proposed exchange of debt for shares in a new company dubbed New Noble aims to save the commodities trader -- once Asia's biggest -- from failure and already has the approval of more than 30% of shareholders, including its founder Richard Elman.

It...

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