Asian Strategy declares 5.58% stake in CBL International (BANL)

Asian Strategy Ltd filed Amendment No. 1 to Schedule 13G disclosing a 1,534,984-share position in CBL International Ltd (BANL) as of 30 Jun 2025.

Rhea-AI Filing Summary

Asian Strategy Ltd filed Amendment No. 1 to Schedule 13G disclosing a 1,534,984-share position in CBL International Ltd (BANL) as of 30 Jun 2025. The stake equals 5.58 % of the 27.5 million ordinary shares outstanding cited in the issuer’s 20-F. Asian Strategy, a Hong Kong entity, reports sole voting and dispositive power over the entire holding and no shared power. The filing is made under Rule 13d-1(c), signalling a passive investment; the certification affirms no intent to influence control. Crossing the 5 % threshold triggers this disclosure and places a new significant, non-activist shareholder on BANL’s register—information that may affect perceptions of ownership structure and trading liquidity.

Positive

• Asian Strategy Ltd revealed a 5.58 % ownership stake in BANL, adding a noteworthy institutional investor that could bolster trading liquidity and signal confidence.

Negative

• None.

Insights

Securities Analyst

TL;DR—New 5.6 % passive stake: mildly positive signal, limited immediate financial impact.

The 13G shows Asian Strategy accumulated 1.53 M BANL shares, giving it 5.58 % ownership. Because the filing is passive (Rule 13d-1(c)), investors should not expect governance activism. Still, a holder of this size can enhance float stability and narrow spreads in a thinly traded micro-cap. The purchase price, timing and strategic rationale are not disclosed, so visibility into future buying/selling is limited. Overall, the event is noteworthy but not transformational: it broadens the shareholder base without altering control dynamics or fundamentals.

FAQ

How many BANL shares does Asian Strategy Ltd own?

Asian Strategy beneficially owns 1,534,984 ordinary shares.

What percentage of CBL International’s outstanding shares does this represent?

The holding equals 5.58 % of the 27.5 million shares outstanding reported as of 16 Apr 2025.

Is Asian Strategy’s investment considered passive or activist?

The Schedule 13G is filed under Rule 13d-1(c), indicating a passive investment intent.

Does Asian Strategy share voting or dispositive power with others?

No. The firm reports sole voting and dispositive power over all shares; shared power is 0.

Why was a Schedule 13G required?

U.S. rules mandate disclosure when an investor’s ownership crosses the 5 % threshold of a registered class of equity.

When was the ownership position measured?

The reported ownership is as of 30 June 2025.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/06/2025 - 10:13 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

CBL International Ltd

(Name of Issuer)

Ordinary Shares, par value $0.0001 per share

(Title of Class of Securities)

G1991X109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G1991X109

1

Names of Reporting Persons

Asian Strategy Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,534,984.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,534,984.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,534,984.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.58 %

12

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person: The calculation of this percentage is based on 27,500,000 ordinary shares issued and outstanding as of April 16, 2025, as reported on the Form 20-F filed by the Issuer with the Securities and Exchange Commission on April 16, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: CBL International Ltd
(b)	Address of issuer's principal executive offices: Level 23-2 Permata Sapura, Kuala Lumpur City Centre, Kuala Lumpur, Malaysia 50088
Item 2.
(a)	Name of person filing: Asian Strategy Limited ("Asian Strategy" or "Reporting Person")
(b)	Address or principal business office or, if none, residence: 24/F, Prosperous Commercial building, 54-58 Jardine's Bazaar Causeway Bay Hong Kong
(c)	Citizenship: Hong Kong
(d)	Title of class of securities: Ordinary Shares, par value $0.0001 per share
(e)	CUSIP No.: G1991X109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,534,984
(b)	Percent of class: 5.58%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,534,984
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,534,984
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Asian Strategy Ltd

Signature:	/s/ Qu Zhiqiang
Name/Title:	Managing Director
Date:	08/04/2025