EpicSoft Asia has received irrevocable undertakings from Ronald Teng Woo Boon, managing director of Ban Leong and his wife Teo Su Ching, representing about 28.13% of the total number of issued shares in the capital of Ban Leong, to accept the offer.
A wholly-owned subsidiary of gaming company GCL Global is offering to take Ban Leong Technologies (SGX:B26
) Limited private for a consideration of 60.29 cents per share.
The subsidiary, known as EpicSoft Asia, says that the offer price is the highest price at which the ordinary shares of Ban Leong have been traded since listing in June 2005.
