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SmallSmall
Supreme |
20-Mar-2024 11:20
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The only IPO that is trading above water. High goes higher while low goes lower Acer raises stake in Winking Studios reflecting confidence in its prospects &bull Acer&rsquo s deemed interest in the Group to increase to 59.59% post-transaction. SINGAPORE, 18 March 2024 &ndash In a move reflecting its confidence in Winking Studios Limited (&ldquo Winking Studios&rdquo or the &ldquo Company&rdquo , and together with its subsidiaries, the &ldquo Group&rdquo ), Acer SoftCapital Incorporated (&ldquo Acer Soft&rdquo ), a wholly owned subsidiary of the Company&rsquo s controlling shareholder, Acer Incorporated (&ldquo Acer&rdquo ), has entered into separate conditional Share Purchase Agreements (&ldquo SPA&rdquo ) on 7 and 15 March 2024 to acquire a total of 18,730,476 shares in the Company. The two (2) married deals, which involved the Company&rsquo 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&rsquo 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&rsquo s third largest1 game art outsourcing studio. Executive Chairman and Chief Executive Officer, Mr Johnny Jan (詹 承 翰 ) said, &ldquo Acer&rsquo s move underscores its ongoing commitment and confidence in our Company&rsquo s growth potential. The current challenges in the gaming industry have accelerated a shift towards art outsourcing as the ideal solution for game developers to control costs while maintaining the quality of their game graphics. We are very encouraged by Acer&rsquo s strong backing. Not only does it put us in a strong position to capitalise on these trends but it also paves the way for us to explore opportunities that will enhance our competitive edge in end-to-end art outsourcing and game development services.&rdquo The Group registered healthy topline growth across its business segments in its recent financial year ended 31 December 2023, as announced in its latest results announcement. Following a slight pullback in the gaming industry post-Covid-19 the market is set to recover by 2.8% to US$189.3 |
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Joelton
Supreme |
26-Feb-2024 09:51
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Winking Studios posts 15.5 per cent drop in net profit for H2 FY23
Full-year net profit up 71.6 per cent to US$1.8 million group proposes S$0.005 per share special dividend
ACER-BACKED Winking Studios, which provides art outsourcing and game development services for the video game industry, has posted a 15.5 per cent drop in net profit for the six months ended Dec 31, 2023 to US$453,000.
In the corresponding period of the previous year, the group recorded a net profit of US$536,000.
The company, which debuted on Singapore&rsquo s Catalist board in November last year, posted revenue of US$15.1 million in H2 FY23, up 15 per cent from the year-ago period.
Cost of sales rose 10.8 per cent to US$10.2 million. Distribution and marketing expenses increased by 44.3 per cent to US$941,000. This was mainly due to the company&rsquo s more aggressive marketing and distribution activities aimed at expanding market share and sales volume. The moves included adding more sales personnel and promotional activities aimed at venturing into markets such as Europe, America and Asia.
Administrative expenses increased by 37.7 per cent to US$3.9 million. This was largely due to the various initial public offering (IPO) related expenses incurred during the company&rsquo s listing in Singapore.
For the full year, the group posted a 71.6 per cent increase in net profit to US$1.8 million, with a 19.5 per cent expansion in revenue to US$29.3 million.
The group has proposed a special cash dividend of 0.5 Singapore cent per share for FY23.
Winking Studios said in a filing on the Singapore Exchange on Saturday (Feb 24) that in line with its strategic focus on geographic diversification and expanding revenue streams, it achieved significant performance recovery in 2023. This was fuelled by securing new contracts and expanding its client base in the United States and South Korea. &ldquo Notably, the US contributed 16.8 per cent of total revenue in FY2023, a marked increase from 9.7 per cent in FY2022,&rdquo it added.
Johnny Jan, Winking Studios&rsquo executive chairman and chief executive officer, said: &ldquo With our established reputation, cutting-edge capabilities, and close partnership with long-standing customers, and funds from our recent IPO to finance our growth plans, I believe we are well positioned to further expand our market share both regionally and globally.
&ldquo We are actively exploring potential strategic acquisitions and continuous investments in technology, particularly in artificial intelligence technology to further strengthen our competitive edge.&rdquo
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Everyday
Elite |
24-Feb-2024 13:47
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Newly-listed Winking Studios Limited off to a good start with first set of results showing 71.6% jump in FY2023 net profit &bull Net profit of US$1.8 million was on the back of 19.5% revenue growth in FY2023 to US$29.3 million due to higher contribution from Art Outsourcing and Game Development business segments Proposes a special cash dividend of 0.5 Singapore cents per share for FY2023 Plans to further expand market share and enhance competitive edge through strategic acquisitions and investment in technological capabilities https://links.sgx.com/1.0.0/corporate-announcements/PXD0AC72XWIFHQZK/47eeda5eb5f541a88dc12ea12a45deed10d731be445567d3896840e10ed31ec0 |
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Joelton
Supreme |
29-Dec-2023 08:42
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Winking Studios to acquire On Point Creative for S$2.6 million
WINKING Studios has inked a sale and purchase agreement to acquire Taiwan-based On Point Creative for NT$59.9 million (S$2.6 million), it announced on Thursday (Dec 28).
On Point Creative is a design studio specialising in art outsourcing services, and is a wholly owned subsidiary of Game Hours which is listed on the Taipei Exchange.
Winking Studios&rsquo move is in line with the company&rsquo s business strategy to pursue acquisitions to boost sales, capabilities and its market presence globally, it said. The acquisition will be funded by internal resources as well as proceeds from the placement and cornerstone tranche of its recent listing.
Completion should take place before Mar 31, 2024. The acquisition is not expected to have a material impact on Winking Studios&rsquo earnings or net tangible assets per share.
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Joelton
Supreme |
21-Nov-2023 13:17
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Winking Studios closes at S$0.21 on Catalist debut, 5% above IPO price
SHARES of gaming-related company Winking Studios closed at S$0.21 on their trading debut on Monday (Nov 20). This is 5 per cent above the counter&rsquo s initial public offering (IPO) price of S$0.20 per share.
The counter kicked off trading at S$0.205 per share on the Singapore Exchange&rsquo s (SGX) Catalist board.
At 10.14 am, the share price stood at S$0.215, or 7.5 per cent above its IPO price, with 1.1 million securities traded.
By market close, around 1.7 million shares had changed hands.
The company outsources art and provides game development services for the video games&rsquo industry across platforms such as console, PC, online and hand-held content.
It primarily operates in Taiwan and China, where it has seven studios, with operations supported by Winking Studios&rsquo office and team at its Singapore headquarters.
The company is majority-owned by Acer Gaming, the gaming arm of Taiwan-listed electronics company Acer.
Winking&rsquo s chief executive and executive chairman Johnny Jan said the counter is the first gaming-related company to list on the SGX.
&ldquo Our group&rsquo s proven capabilities over the last 25 years have enabled our growth to become one of Asia&rsquo s largest game art outsourcing studios and an established game development company,&rdquo said Jan.
&ldquo We are committed to continue sharpening our competitive edge to meet the changing demands of the art outsourcing and gaming industry and to deliver positive returns to our investors.&rdquo
Winking on Nov 17 announced that its IPO had closed with 40 million of its new shares fully subscribed, of which 27.2 million were placement shares.
Acer Gaming and Acer&rsquo s chairman and chief executive Jason Chen subscribed for the remaining 12.8 million shares through a cornerstone investment.
Winking intends to use its net proceeds of about S$5.1 million from the IPO to expand its operations globally, including through acquisitions and strategic alliances.
&ldquo This listing represents a pivotal moment in Winking Studios&rsquo journey as it positions itself to expand into overseas markets,&rdquo said Matthew Song, SGX&rsquo s head of capital markets, global sales and origination.
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bechaotic
Member |
21-Nov-2023 10:54
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Not making money. I will avoid. | ||
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SmallSmall
Supreme |
21-Nov-2023 10:37
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Engine starting
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SmallSmall
Supreme |
21-Nov-2023 10:03
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Only IPO to be above water this year. Need more volume to initiate a play. Watchlist for potential plays |
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SmallSmall
Supreme |
20-Nov-2023 10:42
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Name of Placee Number of Placement Shares Circumstances giving rise to the allotment Asdew Acquisitions Pte Ltd 2,000,000 Allotted under the Placement Mr. Lee, Wei-Hsun 1,835,000 Allotted under the Placement Separately, but concurrent with the Placement, the following persons have subscribed for and have been allotted the Cornerstone Shares and total proceeds for the Cornerstone Shares amounting to S$2.56 million have been received. Name of Cornerstone Investor Number of Cornerstone Shares Circumstances giving rise to the allotment Acer Gaming Inc. 10,800,000 Allotted under the Cornerstone Tranche Mr. Jason Chen 2,000,000 Allotted under the Cornerstone Tranche |
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SmallSmall
Supreme |
20-Nov-2023 10:02
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This one may chiong later. This company got some substance
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SmallSmall
Supreme |
20-Nov-2023 09:06
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Acer-backed Winking Studios IPO fully subscribedPublished Fri, Nov 17, 2023 · 6:46 pm
Winking&rsquo s chairman and CEO Johnny Jan believes that the game art outsourcing studio' s status as a Singapore-listed company will elevate its profile on the world stage.
THE initial public offering (IPO) of gaming-related company Winking Studios closed with 40 million of its new shares fully subscribed for S$0.20 a piece. Total valid applications for the company&rsquo s placement shares amounted to 27.2 million, with application monies received amounting to S$5.4 million, it said on Friday (Nov 17). The remaining 12.8 million shares were subscribed by Acer Gaming and Acer&rsquo s chairman and chief executive officer Jason Chen, through a cornerstone investment. Acer Gaming is Winking&rsquo s majority shareholder, and the gaming arm of Taiwan-listed electronics company Acer. Chen is also the majority shareholder of Acer Gaming. The counter is expected to start trading at 9 am on Monday, on the Catalist board of the Singapore Exchange (SGX). Winking&rsquo s chairman and CEO Johnny Jan said: &ldquo We believe our status as a Singapore-listed company elevates our profile on the world stage, enhances our brand equity and provides us greater leverage to expand our geographical footprint and seize a larger market share.&rdquo The company expects to use net proceeds &ndash of approximately S$5.1 million &ndash to establish overseas subsidiaries and offices in Asia, and increase its business development and marketing efforts in the United States and Europe.
It also intends to pursue strategic acquisitions, joint ventures and strategic alliances as well as explore the use of artificial intelligence to complement and/or expand its art-outsourcing capabilities. Winking said it is Asia&rsquo s third-largest and the world&rsquo s fourth-largest game art outsourcing studio. The company counts 19 of the world&rsquo s 25 largest game developers &ndash including China&rsquo s Tencent and NetEase, South Korea&rsquo s NCSoft, Japan&rsquo s Square Enix, France&rsquo s Ubisoft and the United States&rsquo EA &ndash among its customers. It has also undertaken projects in major game titles such as miHoYo&rsquo s Genshin Impact, Maxis&rsquo The Sims 4 and Activision&rsquo s Call of Duty: Mobile. |
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