SUBSCRIBERS

Goldilocks says Noble's response 'appears designed' to discredit fund

Abu Dhabi fund says it requested for board seats to ensure transparency, protect equity holders' rights, and look into company's long-term survival

Published Thu, Feb 1, 2018 · 09:50 PM

Singapore

NOBLE Group's spat with one of its major shareholders continued on Thursday, as Goldilocks Investment Company denied it made demands for two board seats as a pre-condition to any restructuring or financial proposals.

Noble's suggestion that Goldilocks took advantage of its financial situation to do so is "misleading", the Abu Dhabi-based fund said in a statement.

Copyright SPH Media. All rights reserved.