GL Limited (“GL”) is an investment holding company that was listed on the Mainboard of the Singapore Exchange Securities Trading Limited (“SGX”) with a core business activity in hotel management and operations in the United Kingdom, and was 70.84% owned by Guoco Group as of 15 January 2021. The Guoco Group announced a voluntary conditional cash offer (the “Offer”) on 15 January 2021 for all the issued ordinary shares in the capital of GL (the “GL Shares”) at an offer price of S$0.70 per GL Share. The offer price was increased to S$0.80 per GL Share and the Offer was declared unconditional on 15 March 2021. The Offer closed on 1 April 2021 and the Group received valid acceptances pursuant to the Offer of approximately 95.62% of all GL Shares in issue as at the close of the Offer. On 2 June 2021, the Guoco Group completed the compulsory acquisition (the “Compulsory Acquisition”) of the GL Shares held by the shareholders who did not accept the Offer and GL became a wholly-owned subsidiary of the Group. GL was delisted from SGX on 14 June 2021.
Please click HERE for published documents in relation to the Offer and the Compulsory Acquisition.
Shareholders of GL who have questions relating to the payment in respect of their acceptance of the Offer or the Compulsory Acquisition should contact the following:-
If your GL Shares were deposited with The Central Depository (Pte) Limited: