SINGAPORE: Noble Group Ltd dissident shareholder Goldilocks Investment Co says the Singapore regulator’s handling of the trader’s drawn-out battle for survival is being closely followed by overseas investors, highlighting the importance of the case for the city state’s reputation as a financial hub.
“This was our first investment into Asia: we were looking at this as making an investment into Asia, especially in Singapore,” Ajit Vijay Joshi, a fund manager at Abu Dhabi-based Goldilocks, said in a phone interview. He added: “I’m sure a lot of other people are watching what they will do.”