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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 ....

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Sebastian Brunner Communications: Insolvency Administrator Dr Michael Jaffé: Further Successful Sale in Asia


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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. ....

Michael Jaff , Sebastian Brunner , Wirecard Sales International Holding Gmb , Wirecard Forex India Private , Sebastian Brunner Communications , Wirecard Sales International Holding Gmbh , Rechtsanwalt Dr Michael Jaff , Wirecard Forex India Private Limited , Forex India Private Limited , Reserve Bank , Authorized Category , Wirecard Forex India , செபாஸ்டியன் ப்ருன்னேர் , வயர்கார்டு விற்பனை சர்வதேச வைத்திருத்தல் க்ம்ப் , செபாஸ்டியன் ப்ருன்னேர் தகவல்தொடர்புகள் , வயர்கார்டு விற்பனை சர்வதேச வைத்திருத்தல் கஂப் , இருப்பு வங்கி ,

Investegate |Sebastian Brunner Announcements | Sebastian Brunner: Nium acquires Wirecard subsidiary in India

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


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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 ....

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