Turcom International Limited filed a Schedule 13G with the SEC on October 30, 2026, disclosing beneficial ownership of 300,000 Class B ordinary shares of CBL International Ltd, representing 18.9% of that class, following a share purchase agreement dated October 23, 2026.

Key Highlights

  • Beneficial ownership: Turcom International Limited reported aggregate beneficial ownership of 300,000 Class B ordinary shares of CBL International Ltd, equal to 18.9% of the class.
  • Direct shares held: 200,000 Class B ordinary shares are directly held by Turcom International Limited.
  • Option position: 100,000 additional Class B ordinary shares are issuable upon exercise of an option, exercisable at any time until nine months after October 23, 2026, at a price of US$3.18 per share.
  • Ownership cap: The option is subject to a beneficial ownership limitation of 19.99% of outstanding Class B ordinary shares, according to the filing.
  • Triggering transaction: The shares and option were acquired pursuant to a share purchase agreement dated October 23, 2026 between CBL International Ltd and Turcom International Limited.
  • Voting and dispositive power: Turcom International Limited reported sole voting and sole dispositive power over all 300,000 shares, with no shared power reported.
  • Reporting person: Turcom International Limited is organized in Malaysia; the filing was signed by Jinyao Qu, Director.

Turcom International's October 2026 Private Placement Entry into CBL International

According to the Schedule 13G filing, Malaysia-incorporated Turcom International Limited acquired its position in CBL International Ltd (NASDAQ:BANL) through a private placement completed on October 23, 2026. Under a share purchase agreement on that date, Turcom received 200,000 Class B ordinary shares directly and an option to acquire an additional 100,000 Class B ordinary shares at an exercise price of US$3.18 per share. The option is exercisable, in whole or in part, at any time until nine months after October 23, 2026, and carries a beneficial ownership cap of 19.99% of outstanding Class B ordinary shares.

The filing calculates the 18.9% ownership percentage based on a denominator of 1,585,496 Class B ordinary shares. That figure is described as the sum of: 1,085,496 Class B ordinary shares outstanding as of August 26, 2026 (as reported in the issuer's prospectus supplement filed under Rule 424(b)(5) on August 28, 2026); 400,000 Class B ordinary shares issued by the issuer on October 23, 2026 in the private placement, including the 200,000 shares issued to Turcom; and 100,000 shares issuable upon exercise of Turcom's option, which are deemed outstanding pursuant to Rule 13d-3(d)(1)(i) for purposes of computing Turcom's percentage.

Turcom International Limited is classified as a corporation ("CO") in the filing. The certifications section states that the securities "were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer," consistent with Schedule 13G passive-investor reporting. The filing was dated and signed October 30, 2026 by Jinyao Qu in the capacity of Director.

What Was Disclosed

Turcom International Limited disclosed a 18.9% beneficial ownership position in CBL International Ltd's Class B ordinary shares, comprising 200,000 directly held shares and an option for 100,000 additional shares at US$3.18 each, all acquired via a private placement on October 23, 2026.