Winking Studios Limited (SG:WKS) has released an update.
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Winking Studios Limited has announced an internal restructuring where it will acquire Nanjing Winking Entertainment Limited and Winking Art Limited from its wholly-owned subsidiary in an effort to streamline operations and enhance efficiency. The transaction, valued at approximately S$6.96 million, will be financed through the company’s internal cash flow, with no significant financial impact anticipated for the group. The restructuring is subject to regulatory approval.
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