Court blocks Noble's planned AGM for Monday

Singapore

NOBLE Group has hit a roadblock in its push to complete the restructuring of its debt after the High Court on Friday allowed a legal challenge by its third-largest shareholder to stop its annual general meeting (AGM) next Monday.

Goldilocks Investment Company welcomed the court decision, saying it was "heartened that shareholders' rights which Goldilocks has fought for have not been curtailed".

It also called on Noble's shareholders not to vote for Noble's slate of nominated directors, alleging that they will move the firm's cent…