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GCL Global Acquires 50.90% of Ban Leong, Offer Becomes Unconditional.
ByAinvest
Tuesday, May 27, 2025 8:36 am ET1min read
GCL Global Holdings Ltd. has announced that its subsidiary, Epicsoft Asia Pte. Ltd., has acquired approximately 50.90% of Ban Leong Technologies Limited's shares, making the offer unconditional as to acceptances. The offer, which seeks to acquire all outstanding shares of Ban Leong, is now unconditional in all respects.
Title: GCL Global Holdings Ltd. Acquires Majority Stake in Ban Leong Technologies LimitedGCL Global Holdings Ltd. (NASDAQ: GCL) has announced that its subsidiary, Epicsoft Asia Pte. Ltd., has acquired approximately 50.90% of Ban Leong Technologies Limited's shares, making the offer unconditional as to acceptances. The offer, which seeks to acquire all outstanding shares of Ban Leong, is now unconditional in all respects [1].
The acquisition represents a significant strategic move for GCL, positioning it to potentially expand its market reach through Ban Leong's technology distribution business. GCL's subsidiary, Epicsoft Asia, has been instrumental in this acquisition, leveraging its robust network and proven track record in the distribution of interactive entertainment software [2].
The offer price is set at S$0.6029 per share, and shareholders have until 5:30 p.m. (Singapore time) on July 2, 2025, to accept the offer. If Epicsoft Asia reaches 90% ownership, it can compulsorily acquire the remaining shares and proceed with delisting Ban Leong from the Singapore Exchange [1].
This acquisition underscores GCL's commitment to expanding its portfolio and strengthening its market position in the gaming and entertainment sector. The company's ability to source and retain talent, along with its focus on the Asian gaming market, is expected to drive future growth [1].
References:
[1] https://www.globenewswire.com/news-release/2025/05/27/3088632/0/en/GCL-Subsidiary-s-Offer-for-Ban-Leong-Technologies-Declared-Unconditional-in-all-Respects.html
[2] https://www.stocktitan.net/news/GCL/gcl-subsidiary-s-offer-for-ban-leong-technologies-declared-wjzjlbz6qtx9.html
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