CBL International Limited announced on June 3, 2025, that its Board of Directors has authorized a share repurchase program. The company is permitted to repurchase up to the lesser of $5 million of its ordinary shares or 5 million ordinary shares.
The share repurchase program is set to expire on April 15, 2028, and repurchases may be conducted in the open market. The program does not obligate the company to acquire any specific number of shares and can be modified or discontinued at the company's discretion.
Dr. Teck Lim Chia, Chairman and CEO, stated that the Board believes the current market price of the shares does not fully reflect the underlying strength and long-term potential of the business. This program underscores the company's confidence in its future and its commitment to delivering sustained value to stockholders.
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