Obstacle: Noble’s original plan was to complete the restructuring by July. While the plan has been backed by some 85 of senior creditors, as well as founder and largest shareholder Richard Elman, seen here, it’s run into fierce opposition from Goldilocks. — Reuters
SINGAPORE: Noble Group Ltd suspended its shares in Singapore pending an announcement, as efforts to get shareholder agreement on its controversial US$3.5bil debt restructuring plan drag on longer than expected.
The stock fell to a record low of five Singapore cents last week before closing at 5.4 cents last Thursday prior to a public holiday.
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