By Singapore Newsroom
Nikkei Markets
SINGAPORE (Mar 08) -- Commodities trader Noble Group said Thursday it has received a notice of compliance from Singapore Exchange asking the company to appoint an Independent Financial Advisor (IFA) in relation to its proposed debt restructuring.
The exchange has asked the company to appoint an advisor to provide an opinion on whether the proposed restructuring and its resultant allocation of shares are fair and reasonable and not prejudicial to the interest of shareholders. The IFA should have relevant expertise and acceptable to the exchange, it said.
