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Noble in tough spot as it strives to revamp debt: chairman

Paul Brough warns of continued struggle for the next few months pending an accord with bankers

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Chairman Paul Brough tells shareholders that Noble Group has realised from its strategic review that it had taken on too much debt. Hence the key decision made is to reduce leverage .

Singapore

NOBLE Group chairman Paul Brough warned on Tuesday that the firm will continue to struggle for the next few months amid constrained liquidity as it works towards a debt repayment plan with its bankers.

At a special general meeting (SGM)

sentifi.com

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