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
2021/04/29 23:20 MUNICH/ASCHHEIM/SEOUL - EQS Newswire - 29 April 2021 - In the insolvency proceeding concerning the assets of Wirecard Sales International Holding GmbH a further successful sale could be achieved after the recent sale of several subsidiaries in the Asia-Pacific region. Following an international bidding process, Wirecard Singapore Pte. Ltd., the subsidiary of Wirecard Sales International Holding GmbH divests its shareholding in Wirecard (Vietnam) Company Limited to South Korean credit card company BC Card Co., Ltd. The transaction is still subject to certain conditions, in particular, approval by the local merger control authority. Wirecard (Vietnam) Company Limited has a market-leading position in the field of payment services solutions in Vietnam and is offering its customers one-stop-shop solutions starting from back-end software to front-end hardware. Among the customers are major state banks as well as numerous financial ins
Further Successful Sale in Asia Wirecard subsidiary in Vietnam sold Munich/Aschheim/Seoul, 29 April 2021. In the insolvency proceeding concerning the assets of Wirecard Sales International Holding GmbH a further successful sale could be achieved after the recent sale of several subsidiaries in the Asia-Pacific region. Following an international bidding process, Wirecard Singapore Pte. Ltd., the subsidiary of Wirecard Sales International Holding GmbH divests its shareholding in Wirecard (Vietnam) Company Limited to South Korean credit card company BC Card Co., Ltd. The transaction is still subject to certain conditions, in particular, approval by the local merger control authority. Wirecard (Vietnam) Company Limited has a market-leading position in the field of payment services solutions in Vietnam and is offering its customers one-stop-shop solutions starting from back-end software to front-end hardware. Among the customers are major state
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MUNICH, GERMANY / ASCHHEIM, GERMANY / AMSTERDAM, NETHERLANDS / ACCESSWIRE / April 16, 2021 / In the insolvency proceedings concerning the assets of Wirecard AG and Wirecard Sales International Holding GmbH additional companies of the group have been successfully sold off. Following an extensive international bidding process, agreements have been reached on the sale of several subsidiaries in the Asia-Pacific region.
Insolvency administrator Michael Jaffé secured a sale of the shares in Wirecard e-Money Philippines, Inc., Wirecard Payment Solutions Malaysia Sdn. Bhd., Wirecard (Thailand) Co., Ltd. and Wirecard Payment Solutions Hong Kong Limited to Nomu Pay Ltd, a company owned by British and Dutch Technology Investment Firm Finch Capital following a further investor process. The sales agreement signed this week also covers assets and licences associated with the data warehouse of Wirecard Asia Holding Pte. Ltd. and Wirecard Singapore Pte. Ltd. At least 110 jobs will be reta