Ban Leong Technologies Offer by GCL Subsidiary Declared Unconditional

Deal News | May 27, 2025 | Globenewswire

GCL Global Holdings Ltd., through its subsidiary Epicsoft Asia Pte. Ltd., has declared its offer for Ban Leong Technologies Limited unconditional as of May 27, 2025. The offeror has acquired approximately 50.90% of Ban Leong's shares, satisfying the acceptance condition. GCL plans to potentially acquire 90% to initiate a compulsory acquisition under Singapore's Companies Act, potentially delisting Ban Leong from the Singapore Stock Exchange. The offer price is set at S$0.6029 per share. Ban Leong, headquartered in Singapore, specializes in the distribution of tech products including IT accessories and multimedia products. The acceptance period for the offer closes on July 2, 2025. The strategic acquisition is part of GCL's plan to expand its footprint in the Asian gaming and technology distribution sectors.

Sectors

  • Gaming & Entertainment
  • Technology Distribution

Geography

  • Singapore – Ban Leong Technologies is headquartered in Singapore and operates within the local regulatory environment.
  • Southeast Asia – Epicsoft Asia targets gaming and technology distribution markets across Taiwan, Hong Kong, and Southeast Asia.

Industry

  • Gaming & Entertainment – GCL Global Holdings Ltd. operates in the gaming and entertainment sector, distributing interactive entertainment software and engaging with gaming communities.
  • Technology Distribution – Ban Leong Technologies Limited is involved in the wholesale and distribution of computer peripherals, accessories, and multimedia products.

Financials

  • S$0.6029 – Offer price per share for Ban Leong Technologies under the acquisition bid by Epicsoft Asia.

Participants

NameRoleTypeDescription
GCL Global Holdings Ltd.Parent CompanyCompanyA leading provider of games and entertainment and the indirect parent company of Epicsoft Asia Pte. Ltd.
Epicsoft Asia Pte. Ltd.Bidder/OfferorCompanyA wholly-owned subsidiary of GCL Global Pte. Ltd., focused on distributing interactive entertainment software.
Ban Leong Technologies LimitedTarget CompanyCompanyA company specializing in the distribution of computer peripherals, accessories, and other multimedia products.
GCL Global Pte. Ltd.Indirect Parent CompanyCompanyUnites people through immersive games and entertainment experiences, with focus on the Asian gaming market.