GL Limited is a special purpose vehicle incorporated in the Cayman Islands on Dec 23, 2020, and is a private exempted company limited by shares. GGL has an interest in 969,088,334 shares, representing 70.84% of the shares held directly by GuocoLeisure Assets Limited (GAL), a wholly-owned subsidiary of GGL. As at Jan 15, the directors of GL Limited are Cynthia Cheng and Wong Sau Kwong. According to the group, the privatisation represents an opportunity for shareholders who may find it “difficult to exit their investment” in the company due to the low trading liquidity. As at 12.50pm, shares in GL Limited are trading flat at 56 cents.