Tue, Jan 30, 2018 – 5:07 PM
UPDATED Tue, Jan 30, 2018 – 6:54 PM
THE details of Noble Group’s restructuring plan have upset at least one major shareholder, who is calling on Singapore regulators to investigate the distressed commodity trader.
Abu Dhabi’s Goldilocks Investment Company, which holds 8.1 per cent of Noble, on Tuesday complained to regulators that Noble’s management seemed to have focused on their own interest in the new entity, over the interest of its existing shareholders and creditors, The Business Times understands.
Minority investor advocacy group Securities Investors Association (Singapore) (Sias) also stepped in on the same day, urging the firm to offer existing shareholders a similar deal as that to …
Read the full article at: http://www.businesstimes.com.sg/companies-markets/nobles-restructuring-plan-leaves-major-shareholder-goldilocks-upset-sias-calls-for