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Winking Studios: Acer Raises Stake In Winking Studios, Reflecting Confidence In Its Prospects.

19 Mar 2024 09:31

In a move reflecting its confidence in Winking Studios Limited, Acer SoftCapital Incorporated, a wholly owned subsidiary of the Company's controlling shareholder, Acer Incorporated, has entered into separate conditional Share Purchase Agreements on 7 and 15 March 2024 to acquire a total of 18,730,476 shares in the Company. The 2 married deals, which involved the Company's shareholders Cathay Venture Inc, and Taiwan Cooperative Venture Capital Corporation, are carried out at a total consideration of approximately S$3.7 million. Following the completion of both SPAs, Acer's total deemed interest in the Company will increase to 59.59%, further cementing its position as the controlling shareholder of Winking Studios, which is Asia's third largest game art outsourcing studio...

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Source: ShareInvestor Express