Interactive entertainment software

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GCL Announces Audited Financials of Ban Leong and Unaudited Pro Forma Combined Financials
Globenewswire· 2025-08-29 13:00
Core Viewpoint - GCL Global Holdings Ltd has completed the acquisition of Ban Leong Technologies Limited through its subsidiary Epicsoft Asia, and has filed a Form 6-K with the SEC detailing this transaction [1][7]. Company Overview - GCL Global Holdings Ltd is a prominent provider of games and entertainment, focusing on immersive experiences and engaging content for gaming communities, particularly in the rapidly growing Asian gaming market [3][4]. - Epicsoft Asia, a subsidiary of GCL, is a leading distributor of interactive entertainment software, with a strong network and successful track record in game launches across Taiwan, Hong Kong, and Southeast Asia [4]. - Ban Leong Technologies Limited, incorporated in Singapore in 1993 and listed on the Singapore Stock Exchange in 2005, specializes in the wholesale and distribution of computer peripherals and multimedia products, with key segments including IT accessories and gaming [5]. Financial Information - The Form 6-K includes audited financial statements for Ban Leong for the fiscal years ending March 31, 2024, and March 31, 2025 [7]. - It also presents unaudited pro forma condensed combined statements of income and comprehensive income, reflecting the business acquisition as if it had occurred on April 1, 2024, and a combined balance sheet as of March 31, 2025 [7].
GCL Announces Subsidiary’s Intention to Exercise Right of Compulsory Acquisition in relation to the Offer for Ban Leong Technologies Limited and Subsequent Delisting
Globenewswire· 2025-06-12 12:55
Core Viewpoint - GCL Global Holdings Ltd has successfully acquired approximately 92.92% of Ban Leong Technologies Limited's shares, enabling it to proceed with a compulsory acquisition of the remaining shares and plans to delist Ban Leong from the Singapore Stock Exchange [2][4][3]. Group 1: Acquisition Details - As of June 12, 2025, GCL's indirect subsidiary, Epicsoft Asia Pte. Ltd., owns 100,167,499 shares of Ban Leong, representing about 92.92% of the total issued shares [1][3]. - The Offeror has received acceptances exceeding 90% of the total issued shares, excluding treasury shares [2]. Group 2: Future Plans and Synergies - The acquisition is expected to create synergies through economies of scale and improved operational efficiencies, leading to new revenue streams and enhanced brand positioning within an integrated gaming ecosystem [5]. - GCL plans to align with Ban Leong's marketing and procurement strategies in consumer electronics and gaming hardware, exploring B2C sales opportunities and evaluating the introduction of branded gaming devices pre-installed with GCL titles [6].
GCL Subsidiary’s Offer for Ban Leong Technologies Declared Unconditional in all Respects
Globenewswire· 2025-05-27 12:30
Core Viewpoint - GCL Global Holdings Ltd. is pursuing an acquisition of Ban Leong Technologies Limited, with the Offer becoming unconditional as the Offeror has secured approximately 50.90% of the total Shares as of May 27, 2025 [1] Group 1: Acquisition Details - The Offeror can compulsorily acquire all remaining Shares if it secures 90% or more of the total Shares, at a price of S$0.6029 per Share [2] - Following the acquisition, the Offeror plans to delist Ban Leong from the Singapore Exchange if the minimum free float requirement is not met [2] Group 2: Acceptance Procedures - Shareholders wishing to accept the Offer must submit their acceptance forms by 5:30 p.m. Singapore time on July 2, 2025 [3] Group 3: Company Background - GCL Global Holdings Ltd. is a leading provider of games and entertainment, with a focus on bridging cultures through digital and physical content [6] - Epicsoft Asia Pte. Ltd., a subsidiary of GCL, is a distributor of interactive entertainment software in Taiwan, Hong Kong, and Southeast Asia [8] - Ban Leong Technologies Limited, incorporated in Singapore, specializes in the wholesale and distribution of computer peripherals and multimedia products [9][10]