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 "unprecedented for an SGX-listed company to behave in such a manner and threaten shareholders this way," says Goldilocks, "Noble’s own 2017 annual report publicly recognises Goldilocks as an 8.1 % shareholder," it adds.

Late on Apr 18, the Abu Dhabi investment fund had lodged a notice at Noble's registered address in Bermuda proposing that Ajit Vijay Joshi, Bachir Nawar, Khoo Song Koon, Chow Wai San and Lim Yu Neng Paul be put forward for election as non-executive directors of the company and requested for Noble to circulate a statement to its shareholders.

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