29 Jan Noble Group shares tumble on debt restructuring plan
SINGAPORE, Jan 30 (Reuters) – Shares in Noble Group
fell on Tuesday after it struck a deal with a group of
creditors to restructure $3.5 billion of its debt in exchange
for 70 percent of the firm, with existing equity holders’
combined stake diluted to only 10 percent.
fell on Tuesday after it struck a deal with a group of
creditors to restructure $3.5 billion of its debt in exchange
for 70 percent of the firm, with existing equity holders’
combined stake diluted to only 10 percent.
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