CMS advises Winking Studios on its Dual-Listing on AIM
CMS is advising Winking Studios, a publicly traded company on the Catalist board of the Singapore Exchange Securities Trading Limited (SGX:WKS), on its listing on AIM, the first company to achieve a dual-listing on these markets. On admission, Winking Studios will had a market capitalisation of £66.1m. It raised £7.9m in conjunction with the AIM listing.
Winking Studios is focussed on art outsourcing and game development services, with over 25 years’ experience completing end-to-end art outsourcing and game development services across various gaming platforms such as console, PC, online and handheld content for the video games industry. The group is one of the largest art outsourcing providers in Asia and within the top five globally by revenue, with its client base including many of the world’s leading game developers, such as EA, Tencent, Ubisoft and ActiVision. Winking Studios is an indirect subsidiary of Acer Inc., a Taiwanese multinational technology company and one of the world’s largest personal computer vendors.
The Group’s three primary business segments are:
(a) Art Outsourcing - where the Group creates and develops digital art assets as part of its provision of art outsourcing services. The Group has the capabilities to provide a wide gamut of design services, including 2D concept art, 3D modelling, 2D animation, 3D animation and visual effects, which include environment design and game character design;
(b) Game Development - where the Group provides game development services, including programming, development, design and script writing of games; and
(c) Global Publishing and Other Services - where the Group (i) releases game products developed by itself as well as Third Party Game Developers on global game platforms, including PlayStation, Switch and Steam; and (ii) sells the Group’s video games developed in-house and peripheral gaming products.
The Company is headquartered in Singapore, with operations in Taiwan, Mainland China and Malaysia.
The CMS team was led by Alasdair Steele, together with Sarah Etherington, Alice Frydl, Danielle Rumens, Anna Compagnoni, Shadi Ameli-Savehchi, Maria Hunter, Carys Holland, Charlotte McAvoy and Jessica Hall (Corporate) and Philip Reid and Rebecca Stewart (Tax).
