$Winking Studios (WKS.SG)$ Winking Studios plans to raise up...
Winking Studios plans to raise up to $27 million via a placement of new shares at 25 cents each.
The placement, which will be managed by PrimePartners Corporate Finance, is backed by its indirect controlling shareholder, Acer Group of Taiwan, which holds around 60% of Winking Studios.
According to the company on Apr 10, it plans to issue up to 108 million shares. A group of Acer entities will subscribe for at least 64.8 million new shares worth $16.2 million.
The Acer group of entities will also take up the other placement shares if there are no other takers.
Assuming all shares are spoken for, the company's share base will increase by more than a third to 387.7 million shares.
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會飛の魚 : so wk add on the stock, so the price will drop？
bullrider_21OP 會飛の魚: I think it may drop to around placement price and then rise.
101572862 bullrider_21OP: placement price is .25 its already in that price
MHONG : BUY MORE
bullrider_21OP 101572862: That means you can start buying.