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Noble ordered by SGX RegCo to appoint independent financial advisor

Management & Corporate Governance

Noble ordered by SGX RegCo to appoint independent financial advisor

PC Lee Published on Thu, Mar 08, 2018 / 9:55 PM GMT+8

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SINGAPORE (Mar 8): Debt-saddled and loss-making Noble Group has been ordered by the Singapore Exchange Regulation to appoint an independent financial advisor to go over its restructuring plans.

In its notice of compliance, SGX RegCo says this is to ensure that its proposed restructuring and resultant allocation of shares in the restructured group -- referred to as Topco -- will be fair and reasonable and not prejudicial to the interest of shareholders.

See: Noble's sea of red shows post-restructuring challenge for trader

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