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Thursday, January 25, 2018

Great news! Noble Group has struck a $3.5b restructuring deal.

https://finance.yahoo.com/news/noble-group-strikes-3-5-025617606.html

Noble Group has managed to strike a $3.5b restructuring deal, leaving it laden with only $600m debt.

With this restructuring deal, Noble Group is able to continue to operate without any on-going concern.  This restructuring deal also enables Noble Group to have a better bargaining power to negotiate with any potential investor.

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