Post a Comment Print Share on Facebook

Japanese Investor Softbank wants to join Wirecard

A day before the annual press conference of the pressurized payment processor Wirecard conjures up a new Investor out of the hat: The Japanese Investor Softbank

- 18 reads.

Japanese Investor Softbank wants to join Wirecard

A day before the annual press conference of the pressurized payment processor Wirecard conjures up a new Investor out of the hat: The Japanese Investor Softbank wants to participate in a bond of Bavaria.

told How to Wirecard on Wednesday, want to invest in the Japanese, EUR 900 million in a convertible bond of the group. To do this, Wirecard intends to issue a bond which will be converted after the expiration of five years, in good 6.9 million shares at a price of 130 Euro per piece. The number of shares corresponds to approximately 5.6 percent of the share capital of Wirecard.

The issue of the convertible bonds under exclusion of the subscription right of current shareholders to the annual General meeting on may 18. June, be approved. As it was said, want to Wirecard and Softbank have entered into a strategic partnership.

It was a Declaration of intent (Memorandum of Understanding) on cooperation in the field of digital payment solutions has been signed. The Softbank group support Wirecards Expansion to Japan and South Korea. It is planned also to expand the cooperation in the field of digital lending. Softbank is a Japanese investment company, which is involved, among other things, with around 28 percent of the Chinese online Commerce group Alibaba, a counterpart to the US-retail giant Amazon.

discontent among large investors

it is not Until this Tuesday a two-month run was short-selling ban at Wirecard. Previously, allegations in press reports, had brought the share price of the company is always under pressure. After an investigation into alleged balance sheet irregularities Wirecard sees himself as entirely relieved.

for More course stimulates the information to Wirecard

Among the large investors themselves, resentment. As the "Handelsblatt" reported, accuses Ingo Speich, head of sustainability and Corporate Governance at Deka, Wirecard opacity. The Problem with such companies that are very large very quickly, often on the "hygiene factor" too little is being paid attention to.

Wirecard have "To-dos", the Manager of the Fund company of the savings banks. The Supervisory Board was not composed in a sufficiently diverse, what could be a reason for the recent problems. You have to give the companies time, its internal structure.

"Completely non-transparent"

Vanda Heinen, analysts with a focus on Corporate Governance at Union Investment, criticised in the same newspaper, Wirecard has not been established earlier, an audit Committee. "Confidence in the capital market to recover, it should take a reputable and independent accounting expert on the presidency. A personal Union between the Supervisory Board and the audit Committee Chairman, we reject."

Apparently it is for big investors such as the Fund companies is difficult to obtain first-Hand information about the operations of Wirecard. "The information is so opaque that it would be exaggerated to claim that we know so far, a lot more than the media is widespread," cited the "Handelsblatt", a big investor. Discussions with the Chairman of the Supervisory Board had to be taken and that the Situation is "completely opaque".

B5 stock exchange 11.14 PM: Wirecard share price jump

24.04.2019 11:38 PM

Download the audio file

We offer this Audio in the following formats for Download:

- mp3

note: , If the audio file is not saved when you Click automatically, you can select click with the right mouse button and "save target as...".

lg

source: boerse.ard.de
Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.