Company: GCL
Filing Date: 2025-06-12
Form Type: 424B3
Source: 0001213900-25-053841
Chunk: 6

Company: GCL Global Holdings Ltd
Filing Date: 2025-06-12
Form: 424B3
Chunk 6
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 total  
 number of issued Shares (excluding treasury shares) are held by at least 500 Shareholders who are members of the public. Under Rule 1303(1) 
 of the Listing Manual, where the Offeror succeeds in garnering acceptances exceeding 90% of the total number of issued Shares (excluding    
 treasury shares), thus causing the percentage of the total number of issued Shares (excluding treasury shares) held in public hands to      
 fall below 10%, the SGX-ST will suspend trading of the Shares at the close of the Offer.                                                    |

| 4.2 | Rule 723 of the Listing Manual requires the Company to ensure that at least 10% of the total number of                                   
 issued Shares is at all times held by the public (“Free Float Requirement”). In addition, under Rule 724(1) of the                       
 Listing Manual, if the Company fails to satisfy the Free Float Requirement, the Company must, as soon as practicable, announce that fact 
 and the SGX-ST may suspend trading of all the Shares. Rule 724(2) of the Listing Manual further provides that the SGX-ST may allow the   
 Company a period of three months, or such longer period as the SGX-ST may agree, for the percentage of the total number of issued Shares 
 (excluding treasury shares) held by members of the public to be raised to at least 10%, failing which the Company may be delisted from   
 the SGX-ST.                                                                                                                              |

| 4.3 | In the event that the Free Float Requirement is not satisfied at the close of the Offer and the trading                                     
 of the Shares on the SGX-ST is suspended pursuant to Rule 724, Rule 1105 or Rule 1303(1) of the Listing Manual, the Offeror does not intend 
 to support any action or take any steps to maintain the listing status of the Company. In addition, the Offeror reserves the right to       
 seek a voluntary delisting of the Company from the SGX-ST pursuant to Rules 1307 and 1309 of the Listing Manual.                            |

| 4.4 | As at 6.00 p.m. (Singapore time) on 12 June 2025, the Free Float Requirement is no longer satisfied and                               
 as stated in the Offer Document, the Offeror has no intention to support any action or take any steps for any such trading suspension 
 by the SGX-ST to be lifted or to restore the public float.                                                                            |

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