GCL Announces Close of Subsidiary’s Offer for Ban Leong Technologies Limited with Compulsory Acquisition and Delisting to follow
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 02 2025
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Source: Globenewswire
GCL Global Holdings Ltd Announcement: GCL Global Holdings has successfully closed its voluntary cash offer for Ban Leong Technologies, acquiring approximately 96.59% of the company's shares, which will lead to the suspension of trading on the Singapore Stock Exchange and plans for compulsory acquisition and delisting.
Implications of Share Acquisition: With the public float falling below the required threshold, GCL intends to proceed with the compulsory acquisition of remaining shares and does not plan to restore trading or public float for Ban Leong.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
