Noble Group sues ex-customer to block attempts of shutting down a Singapore unit

This is over an alleged debt of $102,718.

Bloomberg reported that Noble Group Ltd., Asia’s biggest commodity trader, sued a former Chinese iron ore customer of ten-years standing to stop any attempts to shut a Singapore unit over an alleged debt of $102,718.

"Noble Resources International Pte has been granted an interim injunction by the Singapore High Court preventing Rizhao Zhongrui Native Produce Co. from winding-up proceedings, and is pursuing separate claims against the firm, Noble said in a statement. A closed hearing is scheduled for June 25," Bloomberg said in its report.

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