(Reuters) - Embattled commodity trader Noble Group
Noble, which has been struggling to secure shareholder approval to restructure its $3.5 billion debt, had asked for a trading halt on Monday pending an announcement.
Abu Dhabi-based Goldilocks Investment Co Ltd, which holds 8.1 percent of Noble, had been resisting the plan which proposed halving Noble's debt in return for handing over 70 percent of equity to senior creditors.
(Reporting by Rushil Dutta in Bengaluru)
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Updated Date: Jun 20, 2018 07:06 AM