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PTLE Announces 1-for-80 Share Consolidation
Globenewswire· 2026-02-24 12:25
Core Viewpoint - PTL Limited has announced the approval of a 1-for-80 share consolidation of its Class A and Class B ordinary shares to regain compliance with Nasdaq listing requirements [1][2]. Share Consolidation Details - The share consolidation will take effect on February 27, 2026, with Class A Ordinary Shares trading under the same symbol "PTLE" but with a new CUSIP number G7377S127 [2]. - Currently, there are 491,237,500 Class A Ordinary Shares and 11,250,000 Class B Ordinary Shares outstanding. Post-consolidation, there will be 6,140,469 Class A Ordinary Shares and 140,625 Class B Ordinary Shares outstanding [3]. - The consolidation will not result in fractional shares; any fractions will be rounded up to the next whole number [3]. Company Overview - PTL Limited is headquartered in Hong Kong and operates as a bunkering facilitator, providing marine fuel logistics services primarily for container ships, bulk carriers, general cargo vessels, and chemical tankers [4]. - The company targets the Asia Pacific market and leverages its established network within the marine fuel logistics industry to offer a one-stop solution for vessel refueling [4].
PTL Limited Granted Additional 180-Day Grace Period to Regain Nasdaq Compliance
Globenewswire· 2026-01-22 12:30
Core Viewpoint - PTL Limited has been granted an additional 180 days by Nasdaq to regain compliance with the minimum bid price requirement of $1.00 per share, extending the deadline to July 13, 2026 [1][2]. Company Overview - PTL Limited is headquartered in Hong Kong and operates as a bunkering facilitator, providing marine fuel logistics services primarily for container ships, bulk carriers, general cargo vessels, and chemical tankers [3]. - The company targets the Asia Pacific market and leverages its established network and partnerships within the marine fuel logistics industry to offer a comprehensive solution for vessel refueling [3]. Compliance Status - The company was initially notified on July 18, 2025, that it did not meet the minimum bid price requirement, and the first 180-day compliance period ended on January 14, 2026 [2]. - Nasdaq has determined that PTL Limited is eligible for an additional compliance period due to its adherence to other listing requirements and its intention to address the bid price deficiency, potentially through a reverse stock split [2]. - To regain compliance, the closing bid price must meet or exceed $1.00 per share for at least 10 consecutive business days during the new 180-day period [2].
CBL International Facilitates Xiaomo Port's First LNG Bunkering for BYD in Shenzhen
Globenewswire· 2025-12-30 10:38
Core Insights - CBL International Limited has successfully completed Xiaomo Port's first LNG bunkering operation for BYD, marking a significant step in supporting maritime decarbonization efforts [2][3]. Company Overview - CBL International Limited, listed on NASDAQ as BANL, is a marine fuel logistics company established in 2015, focusing on providing comprehensive bunkering services across 65 major ports globally [5]. - The company is recognized for its expertise in coordinating complex fuel logistics transactions and serves nine of the world's top twelve container liner companies [4]. Industry Context - The global shipping industry is increasingly focused on decarbonization, with LNG emerging as a mainstream clean energy source that can reduce greenhouse gas emissions by approximately 20% and lower fuel costs by 25%-30% [3]. - This initiative aligns with international regulations such as FuelEU Maritime and the IMO 2030/2050 targets, promoting a transition towards cleaner energy solutions in maritime operations [3].
CBL International Limited Achieves EcoVadis Silver Medal, Ranking Among Top 15% Globally for Sustainability Performance
Globenewswire· 2025-12-16 03:03
Core Insights - CBL International Limited has been awarded the EcoVadis Silver Medal, placing it among the top 15% of organizations globally for sustainability performance [1][8]. Sustainability Performance - The EcoVadis Silver Medal recognizes CBL's strong sustainability management system across four dimensions: Environment, Labor & Human Rights, Ethics, and Sustainable Procurement [2]. - CBL achieved a position in the 85th percentile or higher globally in the EcoVadis assessment, meeting rigorous score requirements in all sustainability categories [3]. Business Growth and Initiatives - CBL reported a 154.7% year-on-year increase in biofuel sales in the first half of 2025, highlighting the synergy between environmental stewardship and business growth [4]. - The company is committed to maritime decarbonization through biofuel distribution and next-generation fuel development [4]. Recognition and Awards - CBL has received the "Excellent Sustainability Award" at the CGMA Annual Awards 2025 and the "Directors of the Year Awards" for Dr. Teck Lim Chia from the Hong Kong Institute of Directors, reinforcing its leadership in sustainable maritime logistics [5]. Future Commitments - The company plans to enhance its environmental initiatives, social impact programs, and governance frameworks in alignment with global best practices [6].
Dr. Teck Lim Chia, Chairman and CEO of CBL International, Honored at the Prestigious Directors of the Year Awards
Globenewswire· 2025-12-11 08:16
Core Points - CBL International Limited's Chairman and CEO, Dr. Teck Lim Chia, has been awarded in the Directors of the Year Awards by the Hong Kong Institute of Directors for his contributions to corporate governance and sustainable value creation [1][2][3] Company Overview - CBL International Limited (NASDAQ: BANL) serves as the listing vehicle for the Banle Group, a marine fuel logistics company established in 2015, focusing on vessel refueling solutions [9] - The company operates in 65 major ports across regions including Asia Pacific, Europe, and Central America, promoting the use of sustainable fuels and holding ISCC EU and ISCC Plus certifications [9] Leadership Recognition - The award recognizes Dr. Chia's excellence in strategic oversight, ethical leadership, and long-term sustainable performance during his tenure at CBL International [2][3] - Under Dr. Chia's leadership, CBL has enhanced its investor relations, improved ESG disclosures, and maintained compliance with international standards [3][5] Company Values - Dr. Chia emphasized that governance is integral to decision-making at CBL, reflecting a commitment to integrity, innovation, and responsible growth [4] - The Board of CBL International expressed pride in Dr. Chia's leadership, highlighting his ability to balance strategic ambition with disciplined oversight [5]
CBL International Limited Wins Prestigious “CGMA Excellent Sustainability Award” at the CGMA Annual Awards 2025
Globenewswire· 2025-11-26 13:00
Core Points - CBL International Limited has been awarded the "CGMA Excellent Sustainability Award" at the CGMA Annual Awards 2025, recognizing its commitment to sustainable development and integration of ESG principles into its business strategy [1][2][3] Group 1: Award Recognition - The CGMA Annual Awards are prestigious in the industry, honoring excellence in management accounting and business leadership [2] - CBL was selected as the winner from a competitive field for its impactful sustainability initiatives, including measurable carbon reduction targets and ethical sourcing policies [3] Group 2: Company Leadership and Strategy - Dr. Teck Lim Chia, Chairman and CEO of Banle Group, emphasized that sustainability is a fundamental pillar of the corporate strategy, linking long-term business success to environmental stewardship and social responsibility [4] - The award reflects the dedication of the entire team at CBL in embedding sustainable practices across operations [4] Group 3: Company Overview - CBL International Limited, established in 2015, is a marine fuel logistics company based in the Asia Pacific region, providing vessel refueling solutions in 65 major ports [7] - The Group promotes the use of sustainable fuels and holds ISCC EU and ISCC Plus certifications [7]
CBL Appoints Mr. Yuan He to Board of Directors
Globenewswire· 2025-11-19 12:30
Core Insights - CBL International Limited has appointed Mr. Yuan He to its board of directors, effective December 1, 2025, enhancing its governance structure and strategic capabilities [1][3]. Company Overview - CBL International Limited, listed on NASDAQ as BANL, is the listing vehicle of Banle Group, a leading marine fuel logistics company established in 2015 [4]. - The company provides a one-stop solution for vessel refueling, known as bunkering, through local physical suppliers in 65 major ports across various countries including Belgium, China, and Singapore [4]. - Banle Group actively promotes sustainable fuels and has received ISCC EU and ISCC Plus certifications [4]. Leadership and Experience - Mr. Yuan He has been with the company since its inception in 2015, serving as senior vice president and overseeing the bunkering business division [2]. - He brings over 17 years of experience in the oil and gas industries and business management, positioning the Group as a key player in the marine fuel logistics market [2]. - Dr. Teck Lim Chia, Chairman and CEO, emphasized that Mr. He's extensive experience will be a significant asset to the Board and will help in expanding the company's footprint in the marine fuel and logistics sectors [3].
Recent Market Activity Highlights Key Company Movements
Financial Modeling Prep· 2025-11-05 00:00
Core Insights - Recent market activity has seen significant price movements and trading volumes in several companies, reflecting strategic developments and investor sentiment [1] Company Summaries - Denny's Corporation's stock price surged by 50.22%, closing at $6.17, following a $620 million cash deal to take the company private, with an acquisition price of $6.25 per share [2] - Davis Commodities Limited experienced a 51.44% increase in its stock price, closing at $4.72, due to its expansion into the fast-moving consumer goods market in Southeast Asia through its subsidiary [3] - Evoke Pharma's stock price rose by 133.99% to $10.74, amidst an investigation by the Ademi Firm regarding potential breaches of fiduciary duty related to a recent transaction [4] - MSP Recovery, Inc. saw a 39.60% rise in its stock price, closing at $0.72, after entering a non-binding term sheet for a secured term loan facility of up to $55 million to support its healthcare claims recovery operations [5] - PTL Limited's stock price increased by 40.46%, closing at $0.26, following the release of its unaudited financial results for the first half of fiscal year 2025, enhancing its service offerings in marine fuel logistics [6] Market Dynamics - The stock movements of these companies are driven by strategic developments and market dynamics, making them key players to monitor in the financial markets [7]
PTL Limited Announces Financial Results for the First Half of Fiscal Year 2025
Globenewswire· 2025-11-03 22:10
Core Viewpoint - PTL Limited, a holding company established in the British Virgin Islands, operates as a bunkering facilitator providing marine fuel logistics services primarily in the Asia Pacific market. The company reported its unaudited financial results for the first half of fiscal year 2025, highlighting a decrease in revenue and gross profit, but an increase in net income due to a reversal of expected credit loss provision [1][2][17]. Financial Performance - Revenue for the six months ended June 30, 2025, was $43,555,675, a decrease of $6,717,914 or 13.4% from $50,273,589 in the same period of 2024, attributed to a decline in sales volume from approximately 81,702 metric tons to 79,055 metric tons [3][4]. - Cost of revenue decreased by $6,124,910 or 12.5% to $43,008,979, in line with the decrease in revenue, primarily due to lower marine fuel costs [6]. - Gross profit fell by $593,004 or 52.0% to $546,696, with a gross profit margin dropping from 2.3% in 2024 to 1.3% in 2025, influenced by increased purchase costs of marine fuels [8]. - Selling, general and administrative expenses rose by $455,492 or 63.4% to $1,174,250, mainly due to increased staff costs and professional fees following the company's listing in the United States [11]. - A reversal of provision for expected credit loss of $2,401,151 was recorded, resulting from the settlement of long-aged accounts receivable [13]. - Net income increased by $889,062 or 277.5% to $1,209,506, driven by the factors mentioned above [17]. Cash Flow Analysis - Net cash used in operating activities was $8,249,616 for the six months ended June 30, 2025, primarily due to a decrease in accounts payable and an increase in prepayments [18]. - Net cash provided by financing activities amounted to $6,143,467, mainly from the issuance of ordinary shares [22]. Company Overview - PTL Limited is headquartered in Hong Kong and serves as a bunkering facilitator, providing marine fuel logistics services for various types of vessels, focusing on the Asia Pacific market [24].
CLARIFICATION ANNOUNCEMENT
Globenewswire· 2025-10-24 12:55
Core Viewpoint - CBL International Limited is addressing recent fluctuations in its share price and trading volume, affirming that all operations are normal and no undisclosed material information is affecting the market activity [1][2]. Company Overview - CBL International Limited (NASDAQ: BANL) serves as the listing vehicle for Banle Group, a prominent marine fuel logistics company established in 2015, operating primarily in the Asia-Pacific region [4]. - The company provides a comprehensive solution for vessel refueling, known as bunkering, through local suppliers in 65 major ports across various countries including Belgium, China, India, Japan, and Singapore [4]. - Banle Group is committed to promoting sustainable fuels and has received ISCC EU and ISCC Plus certifications [4]. Operational Status - The company confirms that all operations are running as usual and emphasizes its commitment to transparency and compliance with U.S. Securities and Exchange Commission and Nasdaq regulations [2].