SINGAPORE: Singapore-listed Noble Group Ltd faces a make-or-break shareholders’ meeting on Monday as investors vote on a US$3.5bil debt restructuring plan that its creditors and board say is vital to prevent insolvency.
The company, once a global commodity trader with ambitions to rival Glencore or Vitol, has shrunk to an Asian-centric business focused on coal and freight trading after it slashed hundreds of jobs and sold prized assets to cut debt.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
