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Noble surges on news of US$3.5b debt revamp, talk of new investor

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Published Thu, Jan 25, 2018 · 09:50 PM

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Singapore

NOBLE Group shares soared on Thursday on news that the distressed commodities trader had struck a deal to revamp US$3.5 billion of debts and on hopes that this may pave the way for a new investor, with Guangzhou-based Cedar Holdings among the contenders.

Noble chairman Paul Brough declined to comment on the news beyond saying that the talks with its creditors and strategic investors have been "constructive".

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