Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Noble Group Wins Lifeline As Shareholders Back $3.5B Debt Restructuring
LPNEWS

Noble Group Wins Lifeline As Shareholders Back $3.5B Debt Restructuring

by reuters.com posted 8months ago 31 views
* Shares halted on Monday pending company announcement (Recasts story, adds chairman comments): SINGAPORE (Reuters) - Noble Group Ltd (NOBG.SI) won approval from shareholders on Monday for a $3.5 billion debt restructuring plan that should ensure the survival of what was once Asia’s biggest commodity trader. Faced with the prospect of the company’s insolvency, shareholders reluctantly backed a debt-for-equity swap that will leave them owning just 20 percent of the business, while handing majority control to a group of creditors comprised mainly of hedge funds.

In this article