Reuters/Singapore
Singapore-listed Noble Group Ltd faces a make-or-break shareholders meeting tomorrow as investors vote on a $3.5bn 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.
Noble, whose market value has been nearly wiped out from $6bn in February 2015, is expected to win the required simple majority of voters in attendance at the meeting, said multiple sources familiar with the matter.
Equity owners include China Investment Corp and Abu Dhabi fund Goldilocks Inv…
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