Noble to soon submit draft for restructuring special meeting

SINGAPORE (Apr 30): Noble Group said it soon plans to set the date for a special general meeting that will decide the commodity trader’s controversial restructuring after the Singapore High Court blocked it from holding an annual meeting at the behest of dissident shareholder Goldilocks Investment Co.

The court, however, hasn’t restrained Noble from holding future special general meetings, the company said in a stock exchange filing on Sunday. It plans to go ahead with such a meeting to approve the disposal of a ship on April 30, and looks forward to being in a position to publish the notice of a restructuring special general meeting and final shareholder circular in the near future.

If the AGM was held as originally scheduled, all resolutions proposed by Noble would have been approved by shareholders, based on proxy forms submitted in advance of the canceled meeting, the filing showed.

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