Noble drops controversial move in restructuring proposal
Company slammed for attempt at different treatment of shareholders based on how they vote
Singapore
NOBLE Group will drop a provision from its restructuring proposal that has drawn criticism for attempting to treat shareholders differently depending on how they vote, the company's chairman said in an open letter late Wednesday.
But the letter drew continued ire from Goldilocks Investment Company - Noble's third-largest shareholder - which also rejected Noble's director candidates for its upcoming April 30 annual general meeting.
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