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Key Insights
Current Report No. 28/2020: Establishment of 5 New Joint-Stock Companies
PlayWay~2 min full read
- 01
PlayWay S.A. established five new joint-stock subsidiaries on July 24, 2020, to decentralize production across Warsaw, Katowice, Krakow, and Wroclaw.
- 02
PlayWay maintains majority ownership in all five entities, holding 70% of Game Crafters Studio, SimRail, and DreamWay Games, and 80% of Soro Games and GameFormatic.
- 03
Four of the new subsidiaries plan to raise a combined 6.1 million PLN from third-party investors, which will dilute PlayWay’s stake by a maximum of 8% per entity.
- 04
Each company was founded with an initial share capital of 100,000 PLN, consisting of one million shares valued at 0.10 PLN each.
- 05
SimRail will focus on transport simulation in partnership with SimKol Sp. z o.o., while GameFormatic is dedicated to VR adaptations of existing group IP like Car Mechanic Simulator.
- 06
Game Crafters Studio will specialize in strategy titles, while DreamWay Games has begun development on projects including Espresso Tycoon and 872 Days – Siege of Leningrad.
- 07
Soro Games is currently developing a portfolio that includes the titles Renovators and Bank Robbery.
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