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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 circu...

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 (Thailan...

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...