Noble Group

[CY09]

http://infopub.sgx.com/FileOpen/_Form%20...eID=493178

Some fund mgmt in Prudential have only started to offload their stakes in Noble. It is quite surprising that Prudential has only started to offload at this time after the conclusion of all the saga and the fact that many forums have been pointing to the weak balance sheet strength of Noble. Based on its holdings of 134 million shares which has not moved much over these 2 years, it is likely Prudential policyholders have suffered a 1.3 billion hit to their portfolio worth.

http://infopub.sgx.com/FileOpen/Announce...eID=493170

Noble is also not redeeming its 2018 bonds; which means bondholders will have to be part of the restructuring of holding useless Noble shares