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Once mighty Noble Group faces insolvency protection after re-listing ban

Reuters  |  SINGAPORE 

By Anshuman DagaSINGAPORE (Reuters) - Noble Group said on Friday it will seek changes to its original debt restructuring plan, with the spotlight now moving towards what the once mighty commodity merchant has called the alternative: insolvency protection. In an unusually strong move, Singapore on Thursday issued a joint statement by police, the Monetary Authority of Singapore (MAS), and Singapore Exchange regulators that barred Noble from re-listing on the local bourse, which was part of its end-game strategy in a controversial $3.5 billion debt-for-equity re-structuring plan. The statement ...

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First Published: Fri, December 07 2018. 17:56 IST