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Noble gets US$100m trade financing to expand trading activities in LNG industry
Consortium of existing shareholders also agreed to vote in favour of Noble's restructuring plan
Add BT as a preferred sourcePublished Fri, Jun 22, 2018 · 09:50 PM
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Singapore
NOBLE Group has secured a binding commitment for US$100 million of trade financing from a consortium of existing shareholders, the commodity trader announced before the market opened on Friday.
The consortium comprises Value Partners, Pinpoint Asset Management and other shareholders with a combined equity interest of 5 per cent, and they have irrevocably agreed to vote in favour of Noble Group's restructuring plan.
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