LegalOct 7, 2026, 05:16 PM
Currenc Group Subsidiary Faces Share Sale Due to US$23.95M Judgment Enforcement
AI Summary
Currenc Group Inc. reported that its subsidiary, Seamless Group Inc., had a charging order made absolute by the High Court of Malaya over 100,465 ordinary shares in Tranglo Sdn. Bhd. This order was obtained by Ripple Markets APAC Pte. Ltd. to enforce a summary judgment from the Singapore High Court, related to an unsatisfied debt of approximately US$23.95 million plus charges. Ripple Markets APAC may now proceed with enforcing the charging order and potentially selling the Tranglo shares.
Key Highlights
- High Court of Malaya made absolute a charging order over 100,465 ordinary shares in Tranglo Sdn. Bhd. owned by Seamless Group Inc.
- Ripple Markets APAC Pte. Ltd. obtained the order to enforce a summary judgment entered against Seamless by the Singapore High Court on April 17, 2025.
- The summary judgment was for an unsatisfied amount related to a default letter sent to GEA Limited and Seamless on August 17, 2024.
- As of April 30, 2026, the principal sum owed was US$23,952,480.00, plus late payment charges and costs.
Price Impact
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