SGX asks Noble Group creditors to ensure fairness in restructuring plan

Noble Engineering group

05/04/2018 10:44

April 5 (Reuters) - Singapore Exchange's regulatory arm on
Thursday asked Noble Group's  NOBG.SI  senior creditors to
assess the commodity trader's restructuring plans to "ensure
parity in the treatment of all shareholders".
    "SGX RegCo (Singapore Exchange Regulation) will not hesitate
to register its concerns about the Alternative Restructuring -
in its current form - with the relevant administrator to be
appointed should Noble Group be placed in administration," the
regulatory body said.  urn:newsml:reuters.com:*:nFWN1RI09D
    In March, Noble said it had got support from a majority of
its senior creditors for its restructuring plan, and that it was
in talks with others, as it races to launch a deal crucial to
its survival.  urn:newsml:reuters.com:*:nL3N1QW1Q7

 (Reporting By Rushil Dutta in Bengaluru and Anshuman Daga in
Singapore; Editing by Himani Sarkar)
 ((rushil.dutta@thomsonreuters.com; +91-80-6749-1130; Reuters
Messaging: rushil.dutta.thomsonreuters.com@reuters.net))