Currenc Group chairman convers $54.6M in loans to equity

Currenc Group (CURR) announced the completion of a $54.6 million Shares-for-Debt Transaction with its Founder and Executive Chairman, Mr. Alex Kong, and Regal Planet, the Company’s 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 approximately $54,550,612.30, based on the updated balance as of July 22, 2025. The move completely eliminates the debt, which originated under various loan agreements between Currenc, Mr. Kong, and Regal Planet, from the Company’s balance sheet and powerfully aligns the Chairman’s interests with those of all shareholders.