- GCL (GCL, Financial) has secured 92.92% ownership of Ban Leong Technologies, initiating compulsory acquisition.
- Epicsoft Asia Pte. Ltd., a subsidiary of GCL, will delist Ban Leong from the Singapore Stock Exchange.
- The acquisition aims to create synergies through operational efficiencies and new revenue streams.
GCL Global Holdings Ltd (GCL) announced that its subsidiary, Epicsoft Asia Pte. Ltd., has successfully acquired 92.92% (100,167,499 shares) of Ban Leong Technologies Limited, triggering the right to compulsorily acquire the remaining shares. As a result, Ban Leong will be delisted from the Singapore Stock Exchange. This development marks a significant step in GCL's strategic expansion within the gaming ecosystem.
The acquisition, detailed in the May 21, 2025 Offer Document, is expected to yield operational efficiencies and explore new revenue opportunities. GCL plans to integrate Ban Leong's industry relationships and distribution infrastructure in Asia to enhance its market reach. Additionally, potential synergies could arise from exploring B2C sales opportunities in gaming peripherals and introducing branded gaming devices pre-installed with GCL titles.
Moving forward, GCL intends to align with Ban Leong’s marketing strategies in the consumer electronics and gaming hardware sectors. A comprehensive review of Ban Leong's business assets will be conducted to optimize the integration strategy and prioritize valuable synergies. Shareholders who have not yet accepted the offer will be subject to a compulsory acquisition process, marking the end of this transaction phase.
