Latest news with #BanLeongTechnologies
Business Times
03-07-2025
- Business
- Business Times
Ban Leong Technologies privatisation offer closes with 96.6% valid acceptances
[SINGAPORE] The voluntary unconditional cash offer by video game distributor Epicsoft Asia to take technology products distributor Ban Leong Technologies private closed at 5.30 pm on Wednesday, The offeror, an indirect wholly owned subsidiary of Nasdaq-listed GCL Global, received valid acceptances of around 96.6 per cent or 104.1 million of the company's shares. These include an aggregate of 30.3 million shares or around 28.13 per cent of the total number of issued shares that were tendered in acceptance of the offer, by Ronald Teng, the managing director of Ban Leong, and his wife Teo Su Ching. Epicsoft Asia now owns, controls or has agreed to acquire 104.1 million or 96.6 per cent of Ban Leong's total issued shares. With the percentage of Ban Leong's total issued shares held in public hands having fallen below the Singapore Exchange's 10 per cent free float requirement, the counter will be suspended from trading as of 9 am on Thursday. The offeror said that it does not intend to support action or take steps to lift any trading suspension of the group's shares or restore its public float. Instead, it plans to compulsorily acquire all remaining shares of Ban Leong that it does not yet hold and will subsequently delist the company. Shares of Ban Leong closed flat on Wednesday at S$0.595, before the announcement.
Business Times
03-07-2025
- Business
- Business Times
Stocks to watch: Ban Leong Technologies, Oiltek
[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Jul 3): Ban Leong Technologies : Video game distributor Epicsoft Asia's voluntary unconditional cash offer to take the group private has closed, the technology products distributor said on Wednesday. The offeror, a subsidiary of Nasdaq-listed GCL Global, now owns, controls or has agreed to acquire 104.1 million or 96.6 per cent of Ban Leong's total issued shares. With the total number of publicly held issued shares now below the Singapore Exchange's 10 per cent free float requirement, the offeror plans to compulsorily acquire all shares it has not acquired and delist the group. The counter closed flat on Wednesday at S$0.595, before the announcement. Oiltek : The vegetable and edible oil processing company is supporting a sustainable aviation fuel pilot plant programme by global technology provider Sulzer, who will be in collaboration with the Sarawak Economic Development Corporation (SEDC). This programme will be executed through SEDC's new energy arm, SEDC Energy (SEDCE). The group noted in a statement on Thursday it is in talks with SEDCE to explore the possibilities of involvement in the initiative, but that as at Thursday no definitive agreements have been entered into, and no formal plans have been finalised or approved by its board. Its shares closed flat at S$0.56 on Wednesday.
Yahoo
12-03-2025
- Business
- Yahoo
Investors Met With Slowing Returns on Capital At Ban Leong Technologies (SGX:B26)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to identify a growing return on capital employed (ROCE) and then alongside that, an ever-increasing base of capital employed. If you see this, it typically means it's a company with a great business model and plenty of profitable reinvestment opportunities. Although, when we looked at Ban Leong Technologies (SGX:B26), it didn't seem to tick all of these boxes. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. Analysts use this formula to calculate it for Ban Leong Technologies: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.087 = S$4.4m ÷ (S$86m - S$35m) (Based on the trailing twelve months to September 2024). Therefore, Ban Leong Technologies has an ROCE of 8.7%. Even though it's in line with the industry average of 8.7%, it's still a low return by itself. View our latest analysis for Ban Leong Technologies Historical performance is a great place to start when researching a stock so above you can see the gauge for Ban Leong Technologies' ROCE against it's prior returns. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Ban Leong Technologies. There are better returns on capital out there than what we're seeing at Ban Leong Technologies. Over the past five years, ROCE has remained relatively flat at around 8.7% and the business has deployed 45% more capital into its operations. Given the company has increased the amount of capital employed, it appears the investments that have been made simply don't provide a high return on capital. Another thing to note, Ban Leong Technologies has a high ratio of current liabilities to total assets of 41%. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. Ideally we'd like to see this reduce as that would mean fewer obligations bearing risks. In conclusion, Ban Leong Technologies has been investing more capital into the business, but returns on that capital haven't increased. Investors must think there's better things to come because the stock has knocked it out of the park, delivering a 158% gain to shareholders who have held over the last five years. Ultimately, if the underlying trends persist, we wouldn't hold our breath on it being a multi-bagger going forward. Like most companies, Ban Leong Technologies does come with some risks, and we've found 3 warning signs that you should be aware of. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
