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#1
28-08-2018, 02:00 PM
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Noble Group shareholders approve $3.5 billion debt restructuring
An honorable member of the Coffee Shop Has Just Posted the Following:
Noble Group Ltd won approval on Monday from a majority of shareholders 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 with ownership of just 20 percent of the business, while handing majority control to a group of creditors comprised mainly of hedge funds. "Today, the decision to avoid... Noble Group shareholders approve $3.5 billion debt restructuring Click here to view the whole thread at www.sammyboy.com. 
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