KUALA LUMPUR: CBL International Limited, an ultimate holding company of Banle International Group Ltd (BVI), a 38%-associate company of Straits Energy Resources Bhd
will be listed on the Nasdaq Capital Market on March 23, U.S. Eastern time.
In a filing with Bursa Malaysia, Straits Energy said CBL shares will begin trading on the Nasdaq Capital Market under the symbol “BANL”.
In August 2022, Straits Energy said the proposed listing was to create a public platform for which CBL International shares could be traded via an established stock exchange, which is expected to increase the investor base of its shares.
"The listing would also enable CBL International to gain standalone and direct access to the capital market for cost effective capital raising for its future expansion and corporate finance exercises,” it said.
