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Noble Group extends restructuring deadline to 11 December
Noble Group is extending a deadline for debt restructuring by two weeks to 11 December to address concerns of regulators, amid an ongoing investigation by the Singapore authorities.
The delay is “to fully address all concerns of the regulators and to ensure that the interests of all stakeholders continue to be protected”, it said in a statement late Sunday (25 November).
The company had earlier announced it expected the restructuring to take place on 26 November and trading of the new Noble shares on 27 November.
The Singapore authorities said last Tuesday that they are investigating suspected false and misleading statements and breaches of disclosure requirements, as well as potential non-compliance with accounting standards by its unit Noble Resources International.
Related stories:
Singapore probes Noble on suspected false statements, disclosure breaches
Where Does Noble Investigation Leave $3.5 Billion Restructuring?
