Octopus (APAC) (SGX:43A) concluded the creditors voluntary liquidation of subsidiary, Wish Hospitality, according to a Wednesday filing with the Singapore Exchange.

Shares of the food and beverage company were down nearly 2% in Thursday trading.

Meanwhile, Wish Health Management was also reregistered from the Shanghai Municipal Administration for Market Regulation.

An amount of 22 million yuan held in the bank account of Wish Shanghai was retained by the local authorities, with the company instructing its lawyers in China to follow up with relevant authorities.