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GCL Global Unit Secures Over 90% of Ban Leong Technologies' Issued Shares
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GCL Global Unit Secures Over 90% of Ban Leong Technologies' Issued Shares
Jun 12, 2025 10:11 AM

12:45 PM EDT, 06/12/2025 (MT Newswires) -- GCL Global ( GCL ) said Thursday its subsidiary, Epicsoft Asia Pte., has secured more than 90% ownership of Ban Leong Technologies, with 92.92% of the company's total issued shares.

Epicsoft now intends to exercise is legal right of compulsory acquisition of the remaining shares in the company and delist Ban Leong from the Singapore Stock Exchange, GCL said.

As outlined in a May 21 offer document, the acquisition "is expected to create potential synergies through economies of scale and improved operational efficiencies," the company said.

Shares of GCL Global ( GCL ) were 3.7% higher in recent trading.

Price: 2.52, Change: +0.09, Percent Change: +3.70

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