SINGAPORE (Feb 12): Commodities trader Noble Group’s plans to improve its balance sheet have come under a barrage of criticism. One major shareholder, Goldilocks Investment, has written a letter to the Singapore Exchange. Those who hold the company’s perpetuals have voiced unhappiness that they will receive less than 4% of the face value of their investment. And Iceberg Research, an online outfit that has heavily criticised Noble, has urged creditors to reject Noble’s restructuring plan.

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