Company: GCL
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001213900-25-053841
Chunk: 4

Company: GCL Global Holdings Ltd
Filing Date: 2025-06-12
Form: 424B3
Chunk 4
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 the Companies Act |

Pursuant to Section 215(1) of the
Companies Act, if the Offeror receives valid acceptances pursuant to the Offer (or otherwise acquires Shares during the period when the
Offer is open for acceptance) in respect of not less than 90% of the total number of issued Shares (excluding treasury shares and other
than those already held by the Offeror, its related corporations or their respective nominees and any person or body corporate falling
within the meaning of Section 215(9A) of the Companies Act as at the date of despatch of the Offer Document (“Despatch Date”)), the Offeror will be entitled to exercise the right to compulsorily acquire, at the Offer Price, all Offer Shares held
by Shareholders who have not accepted the Offer (“Dissenting Shareholders”).

As stated in the Offer Document, the Offeror, if so entitled, intends to exercise its right of compulsory acquisition under Section 215(1) of the Companies Act to compulsorily acquire all the Offer Shares not acquired under the Offer. The Offeror will then proceed to delist the Company from the SGX-ST.

As at 6.00 p.m. on 12 June 2025, the
Offeror has received valid acceptances pursuant to the Offer which amount to not less than 90% of the total number of issued Shares (excluding
treasury shares and other than those already held as at the Despatch Date by the Offeror and its related corporations (or their respective
nominees) or any person or body corporate falling within the meaning of Section 215(9A) of the Companies Act. Accordingly, the Offeror is now entitled to, and intends to exercise its right of compulsory acquisition under Section 215(1) of the Companies Act to compulsorily acquire all the Shares of the Dissenting Shareholders at the Offer Price.

The Offeror will despatch to the Dissenting
Shareholders the relevant documentation in relation to the exercise of its right of compulsory acquisition, together with the prescribed
notice under the Companies Act, in due course. Subsequent to such compulsory acquisition, the Offeror will proceed to delist the Company from the SGX-ST.

Dissenting Shareholders should note
that the Offer remains open for acceptance until the Final Closing Date as stated in paragraph 5 below and the Offer therefore remains
as an opportunity for Shareholders to realise the value of their Shares at the Offer Price as soon as practicable