Noble Group has been blocked from transferring its listing status to New Noble as part of its proposed restructuring.
The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX Regco) said there were “significant uncertainties” about the financial position of New Noble.
“It would be imprudent to allow the re-listing as investors will not be able to trade in New Noble’s shares on an informed basis,” MAS, SGX and the Singapore Police Force said in a joint statement.
