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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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) where shareholders approved the sale of its North American gas and power unit, he also pledged to do all he can to turn the business around, and avoid having it go into liquidation.
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