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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.
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 ....
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 ....
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.
ADVERTISEMENT ADVERTISEMENT Wirecard Administrators Sell More Foreign Units Amid Scandal Law360, London (April 16, 2021, 4:45 PM BST) Wirecard s insolvency manager said on Friday that it has agreed to sell the Asian and Australian operations of the collapsed German payments company in a move to offload more assets after a €1.9 billion ($2.3 billion) hole in its books was uncovered. Wirecard AG s court-appointed administrator, Munich lawyer Michael Jaffé, said he has reached an agreement on the sale of the company s payment subsidiaries in the Philippines, Malaysia, Thailand and Hong Kong. The subsidiaries will be sold to Nomu Pay Ltd., owned by British and Dutch technology investment firm Finch Capital, for an undisclosed amount of money. ....