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Investegate |Sebastian Brunner Announcements | Sebastian Brunner: Wirecard subsidiary in Vietnam sold

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

Insolvency Administrator Dr Michael Jaffé: Wirecard Subsidiaries in Australia, Hong Kong, Indonesia, Malaysia, Philippines and Thailand Sold - Significant Progress Made in Sale of Assets

Share: 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

Sebastian Brunner Communications: Insolvency Administrator Dr Michael Jaffé: Wirecard Subsidiaries in Australia, Hong Kong, Indonesia, Malaysia, Philippines and Thailand Sold

Sebastian Brunner Communications: Insolvency Administrator Dr Michael Jaffé: Wirecard Subsidiaries in Australia, Hong Kong, Indonesia, Malaysia, Philippines and Thailand Sold
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