Noble Group secures bid extension for restructuring

Submitted By:  Luz Wendy Noble Case Study:  No It is eyeing for a hearing in a Bermudan court on 14 December. Embattled Noble Group revealed that it has clinched another extension for its restructuring bid from the Securities Industry Council. With this, the troubled firm will have the extension for their bid to 31 December for the firm to rely on the Whitewash Resolution approved by its shareholders earlier in August. This follows the firm’s announcement that it will make an application to the Bermuda court for the implementation of the restructuring. read more