87 Followers SGX:CGP - Noble (SGD 0.081) NOBLE GROUP LIMITED
Sector: Transportation, Industry: Marine Shipping

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2 bondholders drop lawsuit against Noble

20 Jun 2018 - Singapore Business Review
The trader is currently in “constructive discussions” with the two. Noble Group said a lawsuit filed by its perpertual bondholders Pinpoint Asset Management Ltd and Value Partners Limited in the Courts of England on 13 June 2018 has been discontinued. According to an announcement, the two firms sought ...

Goldilocks backs Noble's restructuring plan

20 Jun 2018 - Singapore Business Review
They've also teamed up to faciliate Noble's Middle East expansion. Embattled commodities firm Noble Group has secured the support of top shareholder Goldilocks for its restructuring efforts after months of exchanging barbs. “Goldilocks has given its support for the Restructuring and has provided the ...

Noble runs into creditor trouble over restructuring deal

18 Jun 2018 - Singapore Business Review
Some perpetual bondholders in the UK filed a lawsuit against the company. Noble Group suspended its shares before making an announcement, as its dreams to get shareholder agreement on its US$3.5b debt restructuring plan appears far from reach than initially expected. Bloomberg reports that Pinpoint ...

SGX quizzed Noble on US$80.5m loss over derivatives

25 May 2018 - Singapore Business Review
It was hit by the negative performance of some coal and carbon steel contracts. The Singapore Exchange (SGX) asked Noble Group to explain why its gains from commodity contracts and derivative instruments fell by US$80.5m. This followed the release of its financial statement for the first quarter of 2018. ...
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Noble Group Q1 losses shrank 45% to US$71.55m

15 May 2018 - Singapore Business Review
Disposal of its assets resulted in the retirement of US$3b revolving credit facilities. Noble Group's losses for the first quarter of 2018 shrank by 45% from US$129.35m last year to US$71.55m. Revenue was down by 39% to US$1.21b. According to its financial statement, its restructuring expenses hit US$19.15m, ...

Noble group adviser says review of rescue plan to take weeks

11 May 2018 - The Star Online
SINGAPORE: Embattled commodity trader Noble Group Ltd appointed an independent financial adviser to assess whether its controversial debt for equity rescue plan is fair, complying with a request from the Singapore regulator issued two months ago after the deal ran into opposition. Provenance Capital ...

Goldilocks pushes Noble to reveal terms with financial adviser

11 May 2018 - Singapore Business Review
The fund said the company should reveal the scope of work the adviser will be studying. Abu Dhabi-based investment fund Goldilocks Investment Company (Goldilocks) demanded that Noble Group disclose its terms with newly-appointed independent financial adviser (IFA) Provenance Capital, which will provide ...

Noble appoints Provenance Capital as independent financial adviser

10 May 2018 - Singapore Business Review
Its opinion will be included in the shareholders circular for the restructuring. Noble Group has assigned Provenance Capital as its independent financial adviser (IFA) that will provide an opinion on whether its planned restructuring is fair to shareholders or not. According to an announcement, the IFA ...

Goldman, hedge funds drawn into Noble’s legal battles

1 May 2018 - The Star Online
SINGAPORE: Noble Group Ltd’s dissident shareholder Goldilocks Investment Co listed a raft of hedge funds and banks, including Goldman Sachs Group Inc and Deutsche Bank AG, as defendants in its legal battle against the commodity trader, as the fund presses on with a bid to stop its debt-for-equity swap. ...
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Daily Briefing: Singapore PM is still worried over US-China trade tensions; Noble moves meeting date for restructuring

30 Apr 2018 - Singapore Business Review
And here's the Singapore central bank's forecast on the economy amidst rising tensions. From Bloomberg Finance: The Monetary Authority of Singapore (MAS) said in its economic review that the economy is set to rise by 4.5% this year, indicating “steady growth amidst rising uncertainty” and betting that ...