Noble Group says shareholders risk wipeout if debt deal falters

Noble Group says shareholders risk wipeout if debt deal falters

Noble Group Ltd. booklets sit on a table before a news conference during an investor day in Singapore, on Monday, Aug. 17, 2015. Photographer: Nicky Loh/Bloomberg

Embattled commodity trader Noble Group Ltd. issued a defense of its planned restructuring, saying that if shareholders vote down the plan, it will probably enter insolvency proceedings in the U.K. and existing equity holders risk being wiped out.

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