Noble Group gets new life as shareholders approve $3.5b revival plan

Noble Group gets new life as shareholders approve $3.5b revival plan

Richard Elman, chairman of Noble Group Ltd., speaks at the Asian Financial Forum in Hong Kong, China. Photographer: Jerome Favre/Bloomberg

Noble Group Ltd.’s shareholders have endured years of torment as a default, billions in losses, and allegations of improper accounting pushed the commodity trader to the brink. After a 90-minute meeting Monday, they backed the company’s bid to salvage itself.

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