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Noble to seek court-ordered administration in Bermuda to complete restructuring into New NobleTROUBLED commodities trader Noble Group said that it will apply to the Bermudian court for a hearing on Dec 14 for a court-ordered administration in Bermuda to complete the restructuring of the company into New Noble. Read more at The Business Times.
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Noble says US$800m in new money debt available for New Noble as restructuring takes effectNOBLE Group said, as its restructuring took effect on Thursday, that a total US$800 million in new money debt has been made available to New Noble - the restructured entity whose planned listing on the Singapore bourse was derailed by an ongoing probe into improper accounting. Read more at The Business Times.
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CDW Holding flags 'substantial reduction' in full-year profitCONSUMER electronics component manufacturer CDW Holding on Thursday night flagged that the group is likely to report a 'substantial reduction' in net profit for the year ended Dec 31. Read more at The Business Times.
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CDW posts 31% fall in Q3 profit on fewer customer ordersCONSUMER electronics component manufacturer CDW Holding on Wednesday posted a net profit of US$900,000 for the third quarter ended Sept 30, down 31 per cent from US$1.3 million a year ago on lower revenue from fewer customer orders. Read more at The Business Times.
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Stocks to watch: Noble, Frasers Property, Genting Singapore, CDL, Sats, Stamford LandTHE following companies saw new developments that could affect trading of their shares on Friday: Read more at The Business Times.
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Noble says resolutions to approve English and Bermuda schemes passedTHE board of Noble Group on Friday announced that resolutions to approve both its English and Bermuda schemes have been passed at the Nov 8 scheme meeting, with the requisite majority of each class of scheme creditors giving the green light. Read more at The Business Times.
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Noble says debt revamp schemes granted court sanctionsTHE board of Noble Group said before trading opened on Thursday that the schemes of arrangement tabled for its debt revamp have been granted court sanctions. Read more at The Business Times.
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Noble Group to name former Morgan Stanley banker as next chairman: sources[SINGAPORE] Noble Group is set to appoint Ian Potter, a former senior banker at Morgan Stanley, as its next chairman in a few weeks, just as the commodities trader seeks to complete its US$3.5 billion debt restructuring, sources with knowledge of the matter said on Monday. Read more at The Business Times.
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