Noble Group's dissident shareholder Goldilocks files legal action to block debt deal

SINGAPORE (Apr 26): Goldilocks Investment Co. Ltd, a dissident shareholder of Noble Group Ltd, filed a lawsuit in Singapore on Wednesday against the commodities trader, seeking to prevent Noble from pursuing a debt restructuring.

It also sought an injunction to stop Noble from holding a shareholders’ meeting scheduled for Monday.

“Goldilocks Investment Company Ltd has filed legal action today in light of the continuing refusal by Noble Group Ltd to recognize legitimate legal rights of Goldilocks as a shareholder of Noble,” the investment fund, which holds an 8.1 stake in Singapore-listed Noble said in a statement.

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