Currenc Group Announces Signed Reinstatement of Tranglo SPA and Agreement in Principle for Proposed 100% Acquisition at US$666.7 Million and Extension of Longstop Date to March 31, 2027
Key Highlights
- ➤100% Tranglo acquisition proposed at US$666.7 million, subject to definitive documentation
- ➤SPA reinstated for Tranglo, with longstop date extended to March 31, 2027
- ➤Currenc’s gross proceeds could rise to approximately US$400 million from its entire 60% interest
- ➤RMA cooperation, regulatory approvals, funding, and charging-order discharge remain completion conditions
- ➤Tranglo generated a majority of 2025 revenue; sale would dispose of Currenc’s principal operating business
Expert Statements
Alex Kong, Founder, Executive Chairman and Chief Executive Officer of Currenc Group
“We are pleased to have reinstated the SPA and established with New Margin a pathway toward a potential acquisition of 100% of Tranglo”
Alex Kong, Founder, Executive Chairman and Chief Executive Officer of Currenc Group
“The extended timetable provides a framework to advance the remaining requirements. Completing the proposed transaction would be an important step in our strategy to monetize Tranglo, strengthen our balance sheet and focus resources on AI and Web3. We are focused on progressing the conditions and third-party arrangements required for closing.”
Ye Tian, Representative of New Margin
“We are pleased to have reinstated the SPA and agreed with Seamless to pursue a potential acquisition of 100% of Tranglo.”
Ye Tian, Representative of New Margin
“Tranglo has built a valuable cross-border payments platform with an extensive international network, and we see significant potential in its next phase of growth.”
Ye Tian, Representative of New Margin
“We are committed to working closely with Seamless to advance the remaining regulatory, licensing and documentation requirements and to pursue the third-party arrangements necessary to support completion.”
SINGAPORE, Oct. 30, 2026 (GLOBE NEWSWIRE) -- Currenc Group Inc. (Nasdaq: CURR) (“Currenc” or the “Company”), a provider of artificial intelligence (AI) solutions to financial institutions, today announced that its wholly owned subsidiary, Seamless Group Inc. (“Seamless”), and New Margin Holding Limited (“New Margin”) have signed a reinstatement and amendment letter dated October 29, 2026 (the “Reinstatement Letter”) in relation to the share purchase agreement dated January 1, 2026 (the “SPA”) concerning Tranglo Sdn. Bhd. (“Tranglo”). The Reinstatement Letter reinstates the SPA effective from New Margin’s countersignature on October 29, 2026 and extends the longstop date to March 31, 2027. The parties have also agreed in principle to pursue a proposed acquisition of 100% of Tranglo’s issued share capital for aggregate consideration of US$666,666,666.67, subject to definitive documentation and the required cooperation and agreement of Ripple Markets APAC Pte. Ltd. (“RMA”).
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