Goldilocks says founder Elman's resignation paves way for 'fairer' debt restructuring plan

SINGAPORE (Mar 21): Goldilocks Investment Company welcomed founder Richard Samuel Elman's decision to resign as Noble Group's non-executive director.

In a press statement, Goldilocks, a fund managed by an indirect subsidiary of Abu Dhabi Financial Group, says Elman's resignation could pave the way for a "fairer" debt restructuring plan with new independent directors on board.

Noble Group on Wednesday announced that 77-year-old Elman has resigned as a non-executive director with effect from Tuesday, effectively ending his three-decade career.

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