Winking Studios increases investment in wholly-owned subsidiary

The increased issued and paid-up capital into Shanghai Winking Entertainment rose to CNY209.2 mil.

Art outsourcing and game development studio operator Winking Studios has increased its investment in its wholly-owned subsidiary, Shanghai Winking Entertainment Limited.

The increased issued and paid-up capital rose from CNY100.2 million ($18.5 million) to CNY209.2 million on July 18.

The group says that this investment is funded by internal resources and is not expected to have any material impact on the net tangible assets and earnings per share for the financial year ending Dec 31, 2024.

Shares in Winking Studios closed flat at 29.5 cents on July 18.

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