Balance sheet our top priority: Noble

Singapore

EMBATTLED Noble Group is ruling out no option to preserve the strength of its balance sheet, even if it means selling businesses that are considered core.

In its inaugural Investor Day on Monday, the group's management sought to explain its business model, address criticisms regarding its accounting practices and reaffirm the quality of its current balance sheet.

"We have a lot of options and propositions being presented to us," said its CEO Yusuf Alireza. This includes shutting down or deleveraging some businesses, working with banks to add credit facilities or even more strategic options with companies that understand the quality of the business and its management, he added.

"It's our responsibility to review all of those options including potentially selling businesses that we would not have considered under normal circumstances...We will prioritise the strength of our balance sheet above everythin…