PlayWay S.A. established a new subsidiary, SilkRoad Games S.A., on October 15, 2020, to facilitate the distribution of computer games in Mainland China.
PlayWay S.A. holds a 50% stake in SilkRoad Games, having acquired 500,000 Series A shares for a total contribution of 50,000 PLN.
The remaining 50% of SilkRoad Games is owned by two individual partners who also contributed 50,000 PLN for 500,000 shares.
SilkRoad Games was founded with an initial share capital of 100,000 PLN, divided into one million shares with a nominal value of 0.10 PLN each.
The subsidiary is tasked with distributing both PlayWay S.A.'s internal titles and games from external entities to navigate the specific regulatory and logistical requirements of the Chinese market.
The establishment of SilkRoad Games Spółka Akcyjna on October 15, 2020, marks a strategic expansion for PlayWay S.A. into the East Asian market. Headquartered in Warsaw, this new joint-stock company was formed through a partnership between PlayWay S.A. and two individual partners. The initial share capital of the entity is set at 100,000 PLN, divided into one million Series A ordinary bearer shares with a nominal value of 0.10 PLN per share.
The ownership structure is split equally between the founding parties. PlayWay S.A. acquired 500,000 shares for a total contribution of 50,000 PLN, representing a 50% stake in the company’s share capital. The remaining 500,000 shares were acquired by the two individual partners for an identical contribution of 50,000 PLN, accounting for the other 50% of the equity. This balanced investment structure suggests a collaborative approach to the management and operational funding of the new entity.
The primary business objective of SilkRoad Games is the distribution of computer games within Mainland China. The company is positioned to handle the distribution of titles produced by PlayWay S.A. as well as games from other external entities. By establishing this dedicated subsidiary, the parent company aims to navigate the specific regulatory and logistical requirements of the Chinese gaming market, leveraging local expertise to maximize the reach of its software portfolio in one of the world's largest gaming regions.
