Noble continues to have support of bankers: CEO
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
NOBLE Group said on Thursday that it continues to have the support of its bankers as it secured shareholders' approval to sell its remaining stake in its agriculture unit in a bid to strengthen its balance sheet and boost its liquidity position.
"Our banks continue to be supportive," said its CEO, Yusuf Alireza, in response to a question at a special general meeting. "We're in a position where we have the liquidity, and also have the support of the banks to continue to fund our business."
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus