Noble forms Asset Co and Trading Hold Co
They will hold company assets after the restructuring.
Noble Group has formed two more subsidiaries in the British Virgin Islands, Noble New Assets Co Limited and Noble Trading Hold Co Limited, as part of its ongoing restructuring. The principal business of each is investment holding.
According to an announcement, these companies are Asset Co and Trading Hold Co respectively, holding (a) the legal title to and/or an economic or beneficial interest in the Asset Co Assets and (b) Trading Co, respectively following the completion of the proposed restructuring.
Paid-up share capital of each subsidiary is US$100.
This week, the company also formed Noble Intermediate Hold Co Limited, the intermediate holding company holding New Noble’s interests in its assets and subsidiaries (through Asset Co and Trading Hold Co) following the completion of the proposed restructuring.