$Noble Group(CGP.SI)

'Noble Group disposes stakes in warehousing services subsidiaries as Fitch cuts ratings to junk status

Noble Group has disposed of its entire 100% stakes in three wholly-owned subsidiaries that carry out non-ferrous metals warehousing services to WWS International Holdings, an affiliate of Golden Dragon Resources, for a total consideration of US$4.7 million ($6.5 million).

The subsidiaries disposed were Worldwide Warehouse Solutions Singapore; Worldwide Warehouse Solutions UK and Worldwide Warehouse Solutions, LLC, which is registered in Missouri, US.

Following the disposal, WWS Singapore, WWS UK and WWS US have ceased to be wholly-owned subsidiaries of the company.'

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'SINGAPORE (Dec 31): Keppel Corp ruined my Christmas break last year. On Dec 23, 2017, the company owned up to its involvement in a bribery scandal in Brazil, and unveiled a “global resolution” that would see it pay fines of more than US$422.2 million. The scale of the fines, and the fact that Keppel had been denying bribery allegations since early 2015, made this exactly the sort of ... '

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$Noble Group(CGP.SI)

'SINGAPORE (Dec 20): Noble Group, the once mighty commodity trader, on Thursday completed its drawn out US$3.5 billion ($4.8 billion) debt restructuring to emerge as a smaller, unlisted Asia-focused coal-trading business.

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$Noble Group(CGP.SI)

'(Dec 14): Embattled commodity trader Noble Group is on track to complete its mammoth restructuring deal after a Bermuda court approved an officer to carry out the plan, using a local kind of insolvency process.

See: Noble says to take 'alternative' restructuring process without transfer of listing to New Noble

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$Noble Group(CGP.SI)

'SINGAPORE (Dec 11): Noble Group plans to apply for a court-ordered administration in Bermuda on Dec 14 to complete the restructuring of the company into New Noble.

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$Noble Group(CGP.SI)

'SINGAPORE (Dec 7): Falling short of mentioning the specifics, Noble Group said it intends to go ahead and complete the restructuring by “an alternative process” without the transfer of the company’s listing status to New Noble.

Noble made its response on Friday morning after the announcement that the Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) last ... '

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