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.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Thanks to the renewal of interest in the Singapore market.
The electronics cluster showed the most optimism.
The initiative aims to improve the overseas service exports environment.
This is the group’s 2nd sustainability notes issuance in the SGD bond market.
A Jefferies report said Singapore banks have enough buffers.
HongkongLand, CapitaLandInvest, and ComfortDelGro showed the most growth.
Mizuho Securities Asia Limited will be the notes dealer.
The company’s first batch has been fully allocated in the country.
The total consideration of up to $539m over three years will take effect. 
This is to address the increased global demand for healthcare products.
Thanks to the company's improved distribution channels.
Hiring activities online increased by 55.7% in August.
CapitaLandInvest, Capland IntCom T, and Sembcorp Industries showed the most growth.
This low turnout is due to the large quantum of the project, experts say.