Straits Energy unit proposes listing on Nasdaq


A man walks past the Nasdaq MarketSite in New York's Times Square

KUALA LUMPUR: CBL International Ltd, an ultimate holding company of Banle International Group Ltd (BVI), a 38%-associate company of Straits Energy Resources Bhd, is proposing a listing on the Nasdaq Capital Market via an initial public offering.

In a filing with Bursa Malaysia, Straits said it is subject to obtaining the relevant approvals from all governing authorities pertaining to the proposed listing.

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