Singapore's authorities are investigating with Noble Group on suspicion of making false and misleading statements, days before the Singapore-listed company completes a $ 3.5 billion debt restructuring deal to prevent its collapse.

 

Noble, Asia's largest commodity trading company, lost its nearly $ 6 billion market capitalization in February 2015 after Isberg Research questioned its calculations.

 

To save itself, Nobel has scaled back its activity by selling billions of dollars in assets, cutting off large assets and canceling hundreds of jobs and at the same time defending its accounts.

 

In a statement on Wednesday, the company said the proposed restructuring would benefit all shareholders including creditors and shareholders.

 

The company said it would "continue to work towards implementing the proposed restructuring within the disclosed timeframe".

 

In a statement issued on Tuesday, the Singapore Police Department of Commerce, the Monetary Authority of Singapore, the Singapore central bank and the Accounting and Corporate Organization said they were investigating together with Noble on suspicion of violations of securities and corporate laws.

 

Nobel said it intends to cooperate fully with the authorities in this investigation.