SGX asks Noble to seek IFA opinion on restructuring plans
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
THE Singapore Exchange (SGX) on Thursday has directed commodity trader Noble Group to appoint an independent financial advisor (IFA) to assess whether the group's proposed restructuring and the resultant allocation of shares to the shareholders, management and senior creditors are "fair and reasonable and not prejudicial to the interest of shareholders".
The IFA opinion is to be included in the shareholders circular related to the proposed restructuring to assure that shareholders are fully informed in making their decision when they vote on it.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
Aiming at China, Malaysia puts new restrictions on electric cars
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Temasek CEO Dilhan Pillay to chair Vertex as FY2025 profit tops US$100 million
