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Stocks to watch: Noble, Swiber, Global Logistic Properties
NOBLE Group:Commodity trader Noble Group said late on Thursday it has completed the disposal of Noble Americas Energy Solutions to Calpine Energy Services Holdco II, following its announcement of the potential sale in October.
At the closing, the amount paid by the buyers to the sellers was about US$1.16 billion, comprising US$800 million plus net working capital of US$356 million.
Swiber Holdings: Swiber said the Singapore High Court has ordered that the judicial management period for the group be extended for a further 180 days - from April 4, 2017 to Oct 1, 2017.
The court approved on Thursday the judicial managers' application for an extension of time to send a statement of proposals to creditors and to summon a creditors' meeting.
The judicial managers will also be making arrangements to convene an informal creditors' meeting in January, ahead of a creditors' meeting.
Global Logistic Properties (GLP): GLP is undertaking a strategic review of options available to enhance shareholder value, following a request from its largest shareholder, GIC Real Estate.
It has constituted a special committee, consisting of four independent directors, to oversee the strategic review and also appointed JP Morgan (SEA) as its financial adviser to assist on the strategic review.