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’ move is in line with the company’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’ earnings or net tangible assets per share.