CBL International Limited Announces $1.375 million Private Placement to Enhance Port Network and Alternative Energy Development

CBL INTERNATIONAL LIMITED
(Incorporated in Cayman Islands with limited liabilities)
(NASDAQ: BANL) 

Hong Kong, Aug. 22, 2024 (GLOBE NEWSWIRE) -- CBL International Limited (the “Company” or “CBL”) (NASDAQ: BANL), the listing vehicle of Banle Group (“Banle” or “the Group”), a reputable marine fuel logistic company in the Asia-Pacific region, today announced the completion of a private placement with an accredited investor (the “Purchasers”) that was signed and disclosed on July 22, 2024. This transaction is part of the Group's broader strategy to enhance its service offerings in port network development and alternative energy sectors.