News
12 October 2018

Noble divests Indonesian subsidiary for nominal payment of US$1

Region:
Asia-Pacific

Troubled commodities trader Noble Group sold its beneficial interests in an Indonesian subsidiary for a nominal US$1 in cash, with the buyer Wadash Enterprises also taking on all the outstanding payables owed. Kaltim Bio Energi had a book value of US$10.4 million, based on unaudited...

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