24 Mar 2023

Stevenson, Wong & Co. advised CBL International Limited (NASDAQ: BANL) on its successful listing on the Nasdaq Capital Market

Stevenson, Wong & Co. acted as the Hong Kong legal advisers to Pacific Century Securities, LLC, the underwriter of CBL International Limited (NASDAQ: BANL) (“CBL”) in their successful listing on the Nasdaq Capital Market on 23 March 2023. CBL offered a total of 3,325,000 Ordinary Shares, priced at US$4.00 per share. The aggregate gross proceeds from the Offering was US$13.3 million.

CBL is a bunkering facilitator in the bunkering industry, headquartered in Malaysia. CBL has established an extensive supply network in South Korea, PRC, Taiwan, Hong Kong, Malaysia, Singapore, Philippines, and Thailand. CBL provides their customer a one-stop solutions for vessel refueling with more options and flexibility in fulfilling their vessel refueling requirements.

Our Partners, Mr. Hank Lo, Mr. Gordon Tsang, and Associate Mr. Andrew Fung, acted as the Hong Kong legal counsel for the underwriter in the Nasdaq Listing.

Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.