Winking Studios Limited (SG:WKS) has released an update.
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Winking Studios Limited has bolstered its investment in Shanghai Winking Entertainment Limited, its wholly-owned subsidiary, by pumping in an additional CNY109 million, financed through internal resources. This strategic move, effective from July 18, 2024, is set to strengthen the subsidiary without materially affecting the parent company’s earnings or net tangible assets for the fiscal year. Importantly, this financial decision does not involve any direct or indirect interests of the company’s directors or substantial shareholders, ensuring a transparent investment process.
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