History
In 1997, Noble resources was listed on the Singapore Stock Exchange.[1]
In 2002, Noble resources was included in the Fortune 500.
In 2009, China's sovereign wealth fund, China Investment Corp (CIC), took a 14.9% stake (573 million shares) in the company.[2]
In 2012, Completion of Gloucester coal and Yancoal merger.[3]
In 2014 CIC cut its stake in Noble resources to less than 10%.
A consortium led by COFCO Group acquired 51% of Noble's agricultural business, forming JV Noble Agri.[4]
Accounting fraud controversy and restructuring (2015–2019)
In 2015, Noble's share price tumbled as it was accused of accounting fraud by Iceberg Research,[5] while its credit rating was downgraded to junk. The remaining 49% of its agricultural business was also sold.[6]
Noble recorded net losses of $1.7 billion in 2015.[7]
On 29 May 2016, CEO Yusuf Alireza was terminated by Elman. In 2017, Alireza sued Noble for compensation.[8][9]
In 2018, Noble Group Ltd was de-listed from the Singapore Stock Exchange. The share price had collapsed 99% since Iceberg exposed Noble. Declaring a default, it went through a restructuring process that eventually led to the creation of Noble Group Holdings Ltd,[10] while Noble Group Ltd, which incorporated in Bermuda is undergoing an winding up process through till end of 2019.[11] The Singapore Stock Exchange blocked the listing of the restructured group on the uncertainty of the Noble's financial position.[12] A criminal investigation on the alleged wrongdoings of Noble Group Ltd is under way in Singapore.[13]
In 2019, Noble made several hires to rebuild its liquefied natural gas business.[14]
On the 1 January 2025 Noble was fully acquired by Vitol.[15]
