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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 ....
(1) MUNICH and ASCHHEIM, GERMANY / BANGALORE, INDIA / ACCESSWIRE / July 7, 2021 / The insolvency administrator of Wirecard Sales International Holding GmbH, Rechtsanwalt Dr Michael Jaffé, has successfully sold another Asian entity. Following an international bidding process, the Indian subsidiary Wirecard Forex India Private Limited has been sold to NIUM Pte. Ltd., a global payment service provider, specializing in the field of cross-border transfers and card issuance. Wirecard Forex India Private Limited is a foreign currency exchange, pre-paid card and remittance service provider in India licensed by the Reserve Bank of India as Authorized Category II Money Exchange Dealer. The Company and its nearly 190 employees provides the Indian market with foreign currency exchange and money remittance services. The transaction is still subject to certain conditions, in particular, approval by the local banking control authority. ....