GCL Global Holdings, through its subsidiary Epicsoft Asia, is actively pursuing a full acquisition of Ban Leong Technologies' shares. The acquisition excludes shares currently held in treasury, following the regulations set by the Singapore Code on Take-overs and Mergers. As of May 27, 2025, GCL and its associates have secured ownership or agreements for approximately 50.90% of Ban Leong's shares, rendering the offer unconditional.
Should GCL (GCL, Financial) achieve control of 90% or more of the total shares, it will invoke its rights under Singapore’s Companies Act 1967 to compulsorily acquire remaining shares from non-accepting shareholders. This acquisition will be at the offer price of S$0.6029 per share. Following this, if the minimum free float requirement is unmet, GCL plans to delist Ban Leong from the Singapore Exchange Securities Trading Limited.
