Noble Group (Noble)

SGX RegCo teams up with professional body of valuers to tackle problem of questionable valuations
SINGAPORE (Jan 28): The Singapore Exchange Regulation has enlisted the help of the professional body of valuers, to bring its expertise to bear when listed companies face questions over the value of assets in potential deals. Under a memorandum of understanding signed between SGX RegCo and the Institute of Valuers and Appraisals, Singapore (IVAS), which is part of the Singapore Accountancy ...
Exceptionalism has no comparison
SINGAPORE (Nov 23): For decades, Singapore has thrived on the idea that it is, in a word, exceptional. “We are a small country in this part of the world and to survive, you have to be exceptional,” Prime Minister Lee Hsien Loong said at a May Day Rally in 2015. The city state does not have the natural resources that its neighbours are endowed with. But, through hard work and perseverance, it ...
UK law firm Locke Lord to represent Noble perpetual bondholders: Iceberg Research
SINGAPORE (Sept 23): Iceberg Research has appointed a law firm to launch lawsuits against parties behind the commodity trader’s alleged fraud. In a Sept 19 announcement, Iceberg says UK law firm Locke Lord will represent the interests of the perpetual bondholders. Iceberg is the website created by former Noble employee Arnaud Vagner to expose the company’s financial ...
Noble to soon submit draft for restructuring special meeting
SINGAPORE (Apr 30): Noble Group said it soon plans to set the date for a special general meeting that will decide the commodity trader’s controversial restructuring after the Singapore High Court blocked it from holding an annual meeting at the behest of dissident shareholder Goldilocks Investment Co. The court, however, hasn’t restrained Noble from holding future special general meetings, ...
Singapore court halts Noble Group's shareholder meeting on Monday: lawyer
SINGAPORE (Apr 27): A Singapore court blocked commodity trader Noble Group from holding its annual meeting of shareholders' on Monday, in response to legal action taken by dissident shareholder Goldilocks Investment Co. The move is a blow to Singapore-listed Noble, which is in the midst of a crucial debt restructuring process and has said it plans to hold a special meeting of its shareholders' ...
Goldilocks says Noble's rejection of nomination of new directors an 'act of utmost bad faith'
SINGAPORE (Apr 23): Goldilocks Investment Company says Noble Group's rejection of its request to nominate five non-executive directors at the company’s Annual General Meeting on Apr 30 is an "act of utmost bad faith" which is "calculated to intentionally damage Goldilocks and all other shareholders". In its response after Noble's filing before Monday's market opening, Goldilocks says it is ...
Noble continues downward spiral as some shareholders cut losses, say analysts
SINGAPORE (June 21): Shares of Noble Group, which fell 65% last year, is down another 46% year to date. As at 2.35pm on Tuesday, its shares are trading at 21.5 cents as the market sells off on news of a deeply discounted rights issue. (See: "Noble Group seeks $700 mil from rights issue; rights share priced at 11 cents each") On June 15, Noble was also downgraded again by rating agency ...