Currenc Group founder converts $54.6 million in debt to equity
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Currenc Group's Founder and Executive Chairman Converts $54.6 Million in Loans to Equity
August 8, 2025 9:00 AM EDTSINGAPORE, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) (Currenc or the Company), a fintech pioneer empowering financial institutions worldwide with artificial intelligence (AI) solutions, today announced the completion of a $54.6 million Shares-for-Debt Transaction with its Founder and Executive Chairman, Mr. Alex Kong, and Regal Planet Limited (Regal Planet), the Companys controlling shareholder, which is also controlled by Mr. Kong.
Under the terms of a Shares-for-Debt Agreement, the Company issued an aggregate of 35,653,995 ordinary shares to Mr. Kong and Regal Planet to settle the full outstanding related party loans totaling... More
