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Investegate |Sebastian Brunner Announcements | Sebastian Brunner: Disposal of Wirecard Subsidiaries well advanced

Investegate |Sebastian Brunner Announcements | Sebastian Brunner: Disposal of Wirecard Subsidiaries well advanced
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

Hong Kong , United States , Jawa Tengah , Kuala Lumpur Hong Kong , Stadtwerke Gera Aktiengesellschaft , Michael Jaff , Sebastian Brunner , Leo Kirch , Knaus Tabbert , Wirecard Thailand Co Ltd , Money Philippines Inc , Nomu Pay Ltd , Petroplus Group , Grob Aerospace , Sebastian Brunner Communications , Distribution Services , Cinterion Wireless Modules Holding Gmb , Wirecard Service Technologies Gmb , Munich Local Court , Gmbh Co , Pro Health , Wirecard Sales International Holding Gmb , Dero Bank , Wirecard Subsidiaries , Wirecard Sales International Holding , Finch Capital ,

Disposal of Wirecard Subsidiaries in Asia well advanced - Further sale in Indonesia - Transactions completed in Hong Kong and Malaysia

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 ....

Hong Kong , United States , Jawa Tengah , Kuala Lumpur Hong Kong , Stadtwerke Gera Aktiengesellschaft , Michael Jaff , Sebastian Brunner , Leo Kirch , Knaus Tabbert , Wirecard Thailand Co Ltd , Money Philippines Inc , Nomu Pay Ltd , Petroplus Group , Grob Aerospace , Sebastian Brunner Communications , Distribution Services , Cinterion Wireless Modules Holding Gmb , Wirecard Service Technologies Gmb , Munich Local Court , Gmbh Co , Pro Health , Wirecard Sales International Holding Gmb , Dero Bank , Wirecard Sales International Holding , Finch Capital , Nomu Pay ,

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 wil ....

United Kingdom , United States , Jawa Tengah , Stadtwerke Gera Aktiengesellschaft , Michael Jaff , Sebastian Brunner , Leo Kirch , Knaus Tabbert , Money Philippines Inc , Wirecard Payment Solutions Malaysia Sdn Bhd , Wirecard Payment Solutions Hong Kong , Grob Aerospace , Sebastian Brunner Communications , Wirecard Payment Solutions Malaysia Sdn , Cinterion Wireless Modules Holding Gmb , Wirecard Service Technologies Gmb , Munich Local Court , Wirecard Australiaai Pty Ltd , Pro Health , Dutch Technology Investment Firm Finch Capital , Wirecard Asia Holding Pte , Wirecard Thailand Co Ltd , Petroplus Group , Gmbh Co , Wirecard Sales International Holding Gmb , Dero Bank ,

Investegate |Sebastian Brunner Announcements | Sebastian Brunner: Wirecard subsidiaries sold

Investegate |Sebastian Brunner Announcements | Sebastian Brunner: Wirecard subsidiaries sold
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.

Hong Kong , United Kingdom , United States , Jawa Tengah , Stadtwerke Gera Aktiengesellschaft , Sebastian Brunner , Michael Jaff , Leo Kirch , Knaus Tabbert , Money Philippines Inc , Wirecard Payment Solutions Malaysia Sdn Bhd , Wirecard Payment Solutions Hong Kong , Grob Aerospace , Sebastian Brunner Communications , Distribution Services , Wirecard Payment Solutions Malaysia Sdn , Cinterion Wireless Modules Holding Gmb , Wirecard Service Technologies Gmb , Munich Local Court , Wirecard Australiaai Pty Ltd , Pro Health , Dutch Technology Investment Firm Finch Capital , Wirecard Asia Holding Pte , Wirecard Thailand Co Ltd , Petroplus Group , Gmbh Co ,

Wirecard administrator sells off Asia Pacific assets

Wirecard was placed into insolvency in June last year after an independent audit into the company found a €1.9 billion (Dh8.2bn) hole in its accounts, leading to the arrest of many of its key executives.
The company had previously been lauded as a European FinTech star, with its valuation peaking at €24bn in August 2018.
The insolvency administrator has since managed the sale of a number of its business units, with Spanish banking giant Santander acquiring the company’s core European business in January. This allowed about 500 Wirecard staff to transfer to Santander’s Getnet business.
In October last year, the company’s North American assets were sold to payments processor Syncapay, and its Brazilian and Romanian units were also offloaded. ....

United States , Hong Kong , Noord Holland , Santander Getnet , Michael Jaff , Radboud Vlaar , Wirecard Asia Holdings , Wirecard Payment Solutions Hong Kong , Wirecard Payment Solutions Malaysia , Asia Pacific , Finch Capital , Nomu Pay , Dublin Based Fintech , European Fintech , North American , Money Philippines , Wirecard Payment Solutions Hong , Technologies Indonesia , Wirecard Australia , ஒன்றுபட்டது மாநிலங்களில் , ஹாங் காங் , நூற்த் ஹாலண்ட் , ஆசியா பெஸிஃபிக் , பிஞ்ச் மூலதனம் , டப்ளின் அடிப்படையிலானது ஃபிண்டெக் , ஐரோப்பிய ஃபிண்டெக் ,