Currenc Group Divests 60% Stake in Tranglo for $400M

Currenc Group announced that its wholly owned subsidiary, Seamless Group, has executed a definitive share purchase agreement to divest its 60% controlling interest in Tranglo to New Margin Holding. The divestment represents a foundational step in Currenc's plan to monetize and spin off its existing operating businesses, allowing the Company to streamline its corporate structure and accelerate the realization of shareholder value. Under the terms of the agreement, Currenc will divest 100,465 ordinary shares of Tranglo, representing 60% of Tranglo's total issued share capital, for an aggregate purchase price of $400M, payable entirely in cash. The consideration will be paid in two installments, with $200M payable on the closing date and the remaining $200M payable on or before the date that is ninety days after closing. The Company intends to use the proceeds to reduce its debt, thereby strengthening its financial position and enhancing strategic flexibility as it advances its broader corporate roadmap into AI, Web3, and Digital Assets initiatives. As previously announced, Currenc is pursuing a multi-step restructuring strategy that includes the separation and spin-off of its existing businesses, alongside a proposed reverse-merger framework with Animoca Brands. The divestment of Tranglo represents the first executed step in this process, demonstrating Currenc's commitment to delivering on its strategic guidance.