The private placement and option grants create potential future dilution of up to 200,000 additional shares (12.6% of the current base). Monitor for any exercise of the options or further share issuances, and watch for any amendment to 13G filings that might signal a change in passive intent.
Price Chart
Executive Summary
Two new passive investors, Turcom International Ltd and Berjaya Shipping Ltd, each filed initial Schedule 13G disclosures on October 30, 2026, reporting beneficial ownership of 18.9% of CBL International Ltd's Class B ordinary shares. Each holds 200,000 shares directly and an option for 100,000 additional shares, acquired in a private placement on October 23, 2026. Combined with the existing 49.6% stake held by Straits Energy Resources Berhad, these filings show a concentrated ownership structure with over 87% of shares held by three entities.
Key Financial Metrics
Key Facts
- Turcom International Ltd disclosed a 18.9% beneficial ownership stake in CBL International Ltd as of October 23, 2026.
- Berjaya Shipping Ltd disclosed a 18.9% beneficial ownership stake in CBL International Ltd as of October 23, 2026.
- Each holds 200,000 Class B ordinary shares directly and 100,000 shares issuable upon exercise of an option at $3.18 per share, expiring nine months after October 23, 2026.
- The shares and options were acquired pursuant to a share purchase agreement dated October 23, 2026 between the issuer and each reporting person.
- The total outstanding Class B ordinary shares used for the calculation is 1,585,496, which includes 400,000 shares issued in a private placement on October 23, 2026.
- Both filings certify passive intent under Rule 13d-1(c).
- Straits Energy Resources Berhad previously disclosed a 49.6% stake as of September 30, 2026.
Financial Impact
Two new 18.9% stakes acquired via a private placement of 400,000 shares on October 23, 2026; each investor also received an option for 100,000 shares at $3.18 per share. The private placement raised approximately $1.27 million (400,000 shares at $3.18 per share).
Risk Factors
- Potential dilution from the outstanding options for 200,000 shares (100,000 per investor) exercisable at $3.18 per share.
- Extremely concentrated ownership (over 87% held by three entities) could lead to low public float and elevated volatility.
- The company has a very small market cap of $12M and high normal daily volatility of 16.6%.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (BANL), Batch item 1 | 0001493152-26-049357 |
| Document: 0001493152-26-049357-index.html | 0001493152-26-049355 |
| Document: 0001493152-26-049357.txt | 0001493152-26-049357 |
| SC 13G Filing (BANL), Batch item 4 | 0001493152-26-049355 |
| Document: 0001493152-26-049355-index.html | 0001493152-26-049357 |
| Document: 0001493152-26-049355.txt | 0001493152-26-049357 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 2d ago | SC 13G | $4.80 | awaiting T+20 | awaiting T+20 | $3.26 (−32.13%) |
Oct 23, 2026 9d ago | 6-K | $3.40 | awaiting T+20 | awaiting T+20 | $3.26 (+4.18%) |
Oct 14, 2026 18d ago | SC 13G/A | $3.74 | awaiting T+20 | awaiting T+20 | $3.26 (−12.89%) |
Aug 28, 2026 9w ago | 424B5 / 6-K | $15.24 $4.47 | ▲ +70.70% | ▲ +70.76% | $3.26 (+78.62%) |
Aug 18, 2026 10w ago | 6-K | $13.55 $5.75 | ▼ −57.56% | ▼ −56.57% | $3.26 (−75.96%) |
Aug 4, 2026 12w ago | 6-K | $4.55 $15.20 | ▲ +234.21% | ▲ +235.45% | $3.26 (−28.36%) |
Jul 16, 2026 15w ago | 6-K | $0.3450 $0.5392 | ▲ +56.30% | ▲ +52.68% | $3.26 (+844.35%) |
Apr 22, 2026 27w ago | 6-K | $0.4540 $0.4390 | ▼ −3.30% | ▼ −6.47% | $3.26 (+617.62%) |
Apr 17, 2026 28w ago | 6-K | $0.4340 $0.4260 | ▼ −1.84% | ▼ −6.05% | $3.26 (+650.69%) |
Apr 17, 2026 28w ago | 20-F | $0.4340 $0.4260 | ▼ −1.84% | ▼ −6.05% | $3.26 (+650.69%) |
US Market Status
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