27 April 2024
Noble Group’s fate hangs in balance as creditors locked in crunch talks – reports
Publication date: 07 June 2017
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Troubled trading house Noble Group is awaiting to hear if banks will extend its credit lifeline this month, amid a collapse in share price and revelations that the company will not return a profit until 2019.
Creditors are wrangling over whether to extend a USD 2 billion credit facility or force the Hong Kong-based outfit into insolvency or liquidation, media reports stated.
Noble’s market value has shed more than ...