GCL Global Holdings Ltd.'s subsidiary, Epicsoft Asia Pte. Ltd., has successfully concluded its offer for Ban Leong Technologies Limited, acquiring approximately 96.59% of the issued shares. Following this substantial acquisition, trading of Ban Leong's shares will be suspended as the shares held in public hands have fallen below the required threshold. Epicsoft Asia plans to exercise its right for a compulsory acquisition of the remaining shares, leading to the eventual delisting of Ban Leong from the Singapore Stock Exchange. The acquisition includes significant shares tendered by Ban Leong's Managing Director, Mr. Teng Woo Boon Ronald, and his wife.
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