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GCL’s Subsidiary Completes Compulsory Acquisition and Delisting of Ban Leong Technologies Limited
Globenewswire· 2025-08-25 12:00
Core Viewpoint - GCL Global Holdings Ltd has successfully completed the compulsory acquisition of Ban Leong Technologies Limited, which will be delisted from the Singapore Stock Exchange, marking a significant milestone for both companies in enhancing their market presence and operational capabilities [1][3]. Company Overview - GCL Global Holdings Ltd is a leading provider of games and entertainment, with a focus on bridging Asian-developed intellectual property to a global audience [5]. - Ban Leong Technologies Limited has been a prominent distributor of technology products in Asia for over three decades, offering a wide range of products including IT accessories, gaming components, and smart devices [2][9]. Acquisition Details - The acquisition of Ban Leong is expected to unlock new opportunities, fuel innovation, and enhance GCL's ability to deliver technology solutions across Asia [3]. - Ban Leong will leverage GCL's global ecosystem and distribution network to accelerate growth and create value for customers and partners [3][4]. Strategic Synergies - The combination of GCL and Ban Leong is anticipated to result in significant synergies, including operational efficiencies, economies of scale, and new revenue streams [4]. - Initiatives such as introducing branded gaming devices pre-installed with GCL game titles and expanding B2C offerings for gaming peripherals are planned to enhance market positioning [4].
GCL Announces Voluntary Conditional Cash Offer for Ban Leong Technologies Limited at S$0.6029 per Share
Globenewswire· 2025-04-30 13:43
• Transaction expected to expand GCL’s bundled product offerings and have a positive impact on GCL’s adjusted EBITDA SINGAPORE, April 30, 2025 (GLOBE NEWSWIRE) -- GCL Global Holdings Ltd (NASDAQ: GCL) (“GCL” or the “Company”), a leading provider of games and entertainment, today announced that its indirectly wholly-owned subsidiary, Epicsoft Asia Pte. Ltd. (the “Offeror”), has made a voluntary conditional cash offer (the "Offer") of S$0.6029 per share (approximately US$0.4580 per share) (the “Offer Price”) ...