Octopus (APAC) Holdings Limited Completes Creditors’ Voluntary Liquidation of Subsidiaries and Provides Update on Retained Funds in China – Minichart

Summary of Key Developments

• Octopus (APAC) Holdings Limited (formerly GS Holdings Limited) has completed the creditors’ voluntary liquidation (CVL) of its subsidiaries, Wish Hospitality Holdings Private Limited and Wish Health Management (Shanghai) Co. Ltd. (“Wish Shanghai”).
• All regulatory requirements and formalities for liquidation and deregistration have been completed.
• Significant funds (RMB22 million) remain withheld by the PRC authorities, and efforts to recover these funds are ongoing.

Details Investors Need to Know

1. Completion of Liquidation for Wish Hospitality Holdings Private Limited

• The…