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Hong Kong publishes first report on the analysis of ESG Practice Disclosure

On 18 May 2018, the Hong Kong Stock Exchange published its first report on the analysis of environmental, social and governance (ESG) practice disclosure (the Review Report). The Hong Kong Stock Exchange has reviewed 400 annual reports of listed i ...

Resource Article - twallace@abiwor... - 06/01/2018 - 11:05 - 0 comments - 0 attachments

Effectiveness of anti-oral variation clauses upheld by the Supreme Court of the United Kingdom

This article considers the recent decision in Rock Advertising Limited v MWB Business Exchange Centres Limited in which the English Supreme Court was asked to consider the legal effectiveness of No Oral Modification clauses, or NOM clauses as they are fr ...

Resource Article - twallace@abiwor... - 06/01/2018 - 10:09 - 0 comments - 0 attachments

Noble Rot in a Shrinking Harbour

Try as you might, it's difficult to find a more depressing stock market story than Noble Group, the Financial Times reported in a commentary. Once Asia’s biggest commodity trader, the Singapore-listed company has left a trail of devastation for ...

Daily Headline - global.abi.org - 05/24/2018 - 22:02 - 0 comments

Hong Kong Property Developer Set to Default on Dollar Bonds

Hsin Chong Group Holdings Ltd. is set to become the second Asian company to default on its U.S. dollar bonds this year, the latest sign of rising borrowing costs impacting weaker firms’ ability to repay debt, Bloomberg News reported. The Hong Kong-listed ...

Daily Headline - global.abi.org - 05/21/2018 - 00:11 - 0 comments

From $11 Billion Trading Titan to Penny Stock-Noble Group Faces Crunch as Creditors, Investors Circle

Just seven years ago, Noble Group was an $11 billion-plus Asian commodity powerhouse, trading everything from soybeans to oil. Now it's worth barely $80 million, rooted among Singapore's penny stocks, the International New York Times report ...

Daily Headline - global.abi.org - 05/15/2018 - 21:58 - 0 comments

Major Noble Group Shareholder Sues to Block Restructuring

One of Noble Group’s largest shareholders is suing the troubled commodity trader in a last-ditch bid to stop its chairman pushing through a controversial restructuring, the Financial Times reported. Abu Dhabi-based Goldilocks Investment, which took a ...

Daily Headline - global.abi.org - 04/26/2018 - 01:06 - 0 comments

Noble Restructuring in Doubt as Founder Pushes for New Deal

Richard Elman, the founder and largest shareholder of Noble Group Ltd., is pushing the embattled commodities trader’s creditors for a new restructuring deal, according to people familiar with the matter, casting fresh doubt on the survival of the company ...

Daily Headline - global.abi.org - 04/09/2018 - 22:13 - 0 comments

Noble Group Woos More Creditors in Restructuring Plan

Noble Group Ltd said on Wednesday that creditors holding the majority of its senior debt now accept its $3.4 billion restructuring plan, Reuters reported. The beleaguered commodity trader said support for the deal, seen as critical for the firm’s surviva ...

Daily Headline - global.abi.org - 03/27/2018 - 22:38 - 0 comments

Noble Group Says Board to Seek Insolvency Protection if Restructuring Fails

Noble Group Ltd warned on Monday that it would begin insolvency proceedings if the beleaguered commodity trader’s $3.4 billion debt restructuring proposal was not approved by shareholders, Reuters reported. Noble’s debt restructuring process is seen as c ...

Daily Headline - global.abi.org - 03/26/2018 - 21:15 - 0 comments

Noble Group Founder Distances Himself From Debt Deal in New Blow

Richard Elman, the 77-year-old founder and largest shareholder of Noble Group Ltd., quit due to "differences of opinion" with the firm’s board and creditors over its future, in a fresh blow to the trading house’s attempts to push through a mass ...

Daily Headline - global.abi.org - 03/25/2018 - 23:18 - 0 comments

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