Disposal of Subsidiaries in Asia well advanced:
Further sale in Indonesia - transactions completed in Hong Kong and Malaysia
Munich/Aschheim/Dublin/Kuala Lumpur/Hong Kong/Jakarta, 12 July 2021. The insolvency administrator has achieved further success in completing additional divestitures as part of the insolvency
proceedings regarding the assets of Wirecard AG and Wirecard Sales International Holding GmbH. Specifically, this week the shares of two of four subsidiaries in the Asian-Pacific region were sold
and transferred to Finch Capital. This was achieved in spite of the difficult circumstances for the consummation of the transaction due to the current lockdown in Malaysia and hence the insolvency