Fri, Apr 20, 2018 – 8:59 AM
GOLDILOCKS Investment Company on Friday said it is working on an alternative restructuring plan for Noble Group with other investors, and called on shareholders to repopulate the Noble board in support of its initiatives.
“Goldilocks and a consortium of like-minded investors are prepared to provide Noble with working capital and trade finance. A specific proposal is currently being developed that will be shared with all stakeholders,” said Goldilocks in a media release.
Its plan “can preserve value for shareholders and ensure long term and sustainable survival of Noble, a one-time Asian trading powerhouse,” said the fund.
Goldilocks added it and strategic partners are in discussions that include the revi…
Read the full article at: https://www.businesstimes.com.sg/companies-markets/goldilocks-says-working-on-alternative-restructuring-plan-for-noble