Winking Studios to Acquire Mineloader in Major Strategic Expansion

Winking Studios Limited ( (SG:WKS) ) has shared an update.

Winking Studios Limited has announced its largest acquisition to date with the proposed purchase of Shanghai Mineloader Digital Technology Co., Ltd. for approximately RMB 146 million. This acquisition is part of Winking’s M&A strategy to enhance its global presence and expand its service offerings. By integrating Mineloader, a leading game art outsourcing and development studio, Winking aims to boost its scale in Asia and attract new Western clients. Mineloader’s expertise in console platform games is expected to complement Winking’s existing strengths and provide revenue diversification. The acquisition aligns with Winking’s goal of achieving growth and innovation within the global gaming services industry, enhancing economies of scale and business synergies.

More about Winking Studios Limited

Winking Studios Limited is one of Asia’s largest AAA game art outsourcing studios and an established game development company. Headquartered in Singapore with dual listings on the London Stock Exchange and Singapore Exchange, the company offers end-to-end art outsourcing and game development services across various platforms. It operates nine studios in locations including Singapore, Kuala Lumpur, Taipei, and Shanghai, serving a global clientele with over 800 employees.

YTD Price Performance: 0.0%

Average Trading Volume: 174,796

Technical Sentiment Consensus Rating: Sell

For an in-depth examination of WKS stock, go to TipRanks’ Stock Analysis page.