GCL Global Holdings Ltd, a prominent player in the games and entertainment sector, has announced that its offer to acquire Ban Leong Technologies Limited has become unconditional. As of 27 May 2025, GCL, through its subsidiary Epicsoft Asia Pte Ltd, has secured approximately 50.90% of Ban Leong’s shares. This development follows the acceptance of the offer by shareholders, in accordance with Rule 15 of the Singapore Code on Takeovers and Mergers.
The acquisition, if it reaches 90% ownership, will allow GCL to compulsorily acquire the remaining shares under Section 215(1) of the Companies Act 1967 of Singapore. The offer price stands at $0.44 (S$0.6029) per share. Should this threshold be met, GCL intends to delist Ban Leong from the Singapore Exchange if the minimum free float requirement is not satisfied.
Shareholders who have not yet accepted the offer have until 5:30 pm Singapore time on 2 July 2025 to submit their acceptance forms. The offer document, dated 21 May 2025, provides further details on the acceptance procedures.
Ban Leong Technologies, established in 1993 and listed on the Singapore Stock Exchange since 2005, specialises in the distribution of computer peripherals and multimedia products. The acquisition aligns with GCL’s strategy to expand its footprint in the Asian gaming market, leveraging Ban Leong’s established distribution network.
The move signifies GCL’s commitment to broadening its reach in the digital and physical content sectors, aiming to introduce Asian-developed intellectual property to a global audience.
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