Noble re­struc­tur­ing blocked in Sin­ga­pore

The Daily Telegraph - Business - - Business -

Sin­ga­porean reg­u­la­tors have said they won’t al­low the com­mod­ity trader Noble Group to relist as a new en­tity, ef­fec­tively block­ing a $3.5bn (£2.7bn) debt-re­struc­tur­ing plan that has been more than a year in the mak­ing. The re­struc­tur­ing was mas­ter­minded by chair­man Paul Brough and would have handed con­trol to a group of se­nior cred­i­tors.

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