The emergency $3.5bn debt restructuring at commodity trader Noble Group has been plunged into doubt after authorities in Singapore said they would not allow a relisting of its shares.
Singapores white collar crime agency, its de facto central bank and stock exchange said they had decided not to allow trading in New Noble to go ahead, based on the findings of an investigation into alleged false and misleading statements.
Monetary Authority of Singapore and the Singapore Exchange have concluded that there are significant uncertainties about the financial position of New Noble, the authorities said in a statement.
It would be imprudent to allow the re-listing as investors will not be able to trade in New Nobles shares on an informed basi…
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