With its business roots tracing back to 2003 when Shanghai Mineloader Digital Technology established its first studio, Mineloader is currently headquartered in Shanghai and has developed integrated capabilities across three major gaming platforms and expanded its workforce to 466 employees (as at Nov 30, 2024) across three studios in Asia.
Singapore and London listed Winking Studios announced that it is acquiring Shanghai Mineloader Digital Technology, one of Asia’s leading game art outsourcing and development studios for a consideration of RMB 146 million ($27.2 million).
The group will be funding this acquisition with its internal cash resources. The group will be paying upfont RMB 131.4 million, with the balance to be paid on the fifth anniversary following completion of the proposed acquisition, subject to the satisfaction of certain conditions and performance targets.
