Its predecessor, Noble Group Ltd was embroiled in an accounting fraud controversy started in 2015 which eventually necessitated a debt restructuring.

[4] 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.

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.

[13] In 2019, Noble made several hires to rebuild its liquefied natural gas business.