Ex-Temasek executive warns $3.5b debt restructuring won't fix Noble Group

Ex-Temasek executive warns $3.5b debt restructuring won't fix Noble Group

Noble Group Ltd. signage sits on display outside during an investor day in Singapore, on Monday, Aug. 17, 2015. Photographer: Nicky Loh/Bloomberg

Noble Group Ltd.’s foes aren’t going away. Less than 24 hours after the commodity trader won shareholder approval for its $3.5 billion debt-for-equity deal, long-standing critic Michael Dee said the revamped company will struggle to recover and shouldn’t be allowed to list shares in Singapore.

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