In this article, I will take a quick look at KrisEnergy Ltd’s (SGX:SK3) recent ownership structure – an unconventional investing subject, but an important one. Ownership structure has been foundRead More...
It found that executive officers made guarantees for the company’s illegal bonds and hid related lawsuits. The Singapore Exchange Regulation (SGX RegCo) called to axe the appointment of aluminium alloy manufacturer Midas Holdings' executive chairman Chen Wei Ping and executive officer Ma Ming Zhang over undisclosed lawsuits and illegal bonds and guarantees. According to an announcement, SGX RegCo has "concerns about the suitability" of the two continue in their positions.
If you are a shareholder in KrisEnergy Ltd’s (SGX:SK3), or are thinking about investing in the company, knowing how it contributes to the risk and reward profile of your portfolioRead More...
While small-cap stocks, such as KrisEnergy Ltd (SGX:SK3) with its market cap of S$136.76M, are popular for their explosive growth, investors should also be aware of their balance sheet toRead More...
Analyzing KrisEnergy Ltd’s (SGX:SK3) track record of past performance is a valuable exercise for investors. It enables us to reflect on whether or not the company has met expectations, whichRead More...
It delisted from the SGX-ST on 23 January. GLP Pte Ltd, formerly Global Logistic Properties Limited, converted to a private company after delisting from the Singapore Exchange Securities Trading Limited ...
Noble Group is closing down its London oil desk and winding down its Asia oil operations, sources familiar with the matter said, as heavy losses and high debt force what was once Asia’s biggest commodities trader to restructure. Since then, Noble has been winding down its remaining oil trading operations in London and Singapore, with many key traders leaving to join competitors. Owners of Housing and Development Board (HDB) flats who are finding it hard to dispose of their units due to the ethnic integration policy (EIP) can ask for an extension of time, revealed Minister for National ...
Rating Action: Moody's downgrades Global Logistic Properties' ratings to Baa3; outlook negative. Global Credit Research- 04 Jan 2018. Hong Kong, January 04, 2018-- Moody's Investors Service has downgraded ...
Troubled Asian commodity merchant Noble Group said on Monday the final price for the sale of its American power and natural gas unit to rival trading house Mercuria was US$168m. According to Alan Cheong, Savills Singapore’s senior director, the historical length of a property bull market is around 17.6 quarters. Three new roads in Bidadari estate – Bidadari Park Drive, Alkaff Crescent and Woodleigh Link – will be partially opened on 14 January (Sunday) to serve the upcoming developments within the estate, revealed the Housing and Development Board (HDB).
The two will add $5.43b to its current fund management platform worth $57.8b. Global Logistic Properties (GLP) completed the acquisition of European industrial developer Gazeley and raised the size of ...
Noble Group Ltd. is talking to creditors about a conventional restructuring that includes a debt-for-equity swap, according to people familiar with the negotiations, a move that represents a change of tack as the commodities trader fights for survival. A major catalyst for this year’s sudden increase in demand for bitcoins is the growing acceptance of the cryptocurrency as a form of payment. This was emphasised by Japan’s move to legalise Bitcoin as a form of payment in April this year.
Noble Group Ltd. is talking to creditors about a conventional restructuring that includes a debt-for-equity swap, according to people familiar with the talks, changing tack from an earlier proposal as ...
Noble Group (Noble) inked a memoranda of agreement (MOA) with four companies to sell its four Kamsarmax dry bulk carrier vessels for $127.92m (US$95m). According to an announcement, the vessels, namely, Ocean Ambition, Ocean Forte, Ocean Integrity, and Ocean Vision, are registered under the flag of Hong Kong. The sale of the vessels is part of its ongoing restructuring to clear debt and lift the business, Noble said.
Net proceeds from the disposal, following repayment of bank loans associated with the ships and other costs, will amount to about $30 million, the company said in a statement. Noble, once a global commodity trader with ambitions to rival the likes of Glencore (GLEN.L) or Vitol, has shrivelled to an Asian-centric company focused largely on coal and freight trading after a crisis-wracked two years that have forced it to slash jobs and sell assets. Earlier this month, the company said it had started talks with stakeholders to restructure its debt and secure trade finances.
The base asking price is at $16.83m. Noble Group is selling its US-based ethanol producer Noble Americas South Bend Ethanol LLC (NASBE) for $16.83m (US$12.5m). According to an announcement, the gross consideration ...
This was prompted by a query from SGX. Noble responded to SGX queries regarding its financial results following a $580.18m (US$428m) non-cash loss in exceptional items for Q3, according to a filing at the Singapore Exchange. The embattled commodity trader clarified that it recorded the non-cash loss partly as a result of the significant dilution of the company’s shareholding in Yancoal Australia which reduced shareholding from 13.2% to 0.3%.
What a debt restructuring at Noble Group Ltd. might look like has become an even more pressing question after the beleaguered commodity trader started talks with stakeholders on potential options to address ...
