Holders of Noble Group’s perpetual bonds joined the trading house’s fifth-largest shareholder Goldilocks Investment Co. in opposing a $3.5 billion restructuring plan that is too cold. About 25% of the holders of Noble’s perpetual bonds hired Latham & Watkins to negotiate a better deal, according to Kevin Wu, a portfolio manager at Hong Kong’s Pinpoint Asset Management, one of the bondholders. Noble’s proposed reorganization plan announced in February would settle about $400 million face......
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