Goldilocks says working on alternative plan to keep Noble afloat

SINGAPORE (Apr 20): Goldilocks, which owns 8% of Noble Group, says it is working on an alternative plan with other investors to keep the embattled commodities firm afloat.

The Abu Dhabi-based investment fund says a specific proposal is currently being developed that will be shared with all stakeholders.

The plan "can preserve value for shareholders and ensure long term and sustainable survival of Noble, a one-time Asian trading powerhouse" says Goldilocks, without revealing any more details about the plan.

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