STOCK TITAN

Currenc Group: Court order covers 100,465 Tranglo shares

RMA may seek a sale beginning October 7, 2026, but additional enforcement proceedings are required before any sale.

(Moderate)

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

Form Type
6-K

Rhea-AI Filing Summary

Currenc Group Inc. disclosed that the High Court of Malaya made absolute a charging order over 100,465 ordinary shares in Tranglo Sdn. Bhd. owned by its subsidiary Seamless Group Inc. Ripple Markets APAC Pte. Ltd. obtained the order to enforce a Singapore High Court summary judgment entered against Seamless on April 17, 2025.

In its Annual Report filed April 30, 2026, Currenc stated that the defendants, Seamless and GEA Limited, were jointly and severally liable for principal of US$23,952,480.00, plus late payment charges to be assessed at the date of full payment and certain summons and appeal costs orders. Beginning October 7, 2026, Ripple Markets APAC may commence further enforcement proceedings and seek a sale of the shares. Any sale would require further proceedings, and Seamless may seek to protect its interests concerning the valuation, manner and terms of a proposed sale.

0 points · 0 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

0 major · 1 point

How the balance works

Positive

  • None.

Negative

  • Moderate pointA Malaysian charging order covers 100,465 Tranglo shares owned by Currenc subsidiary Seamless.
Ordinary shares subject to charging order 100,465 shares Tranglo Sdn. Bhd. shares owned by Seamless Group Inc.
Principal sum US$23,952,480.00 Joint and several liability stated in Currenc's Annual Report filed April 30, 2026
charging order regulatory
"made absolute a charging order over 100,465 ordinary shares"
summary judgment regulatory
"to enforce a Singapore High Court summary judgment"
Summary judgment is a court decision made without a full trial when a judge concludes there is no real dispute about the important facts and one side wins as a matter of law. For investors it matters because such a ruling can quickly end litigation that might otherwise drag on, reducing uncertainty about potential liabilities, legal costs and impacts on a company’s stock price — like a referee stopping a game when the outcome is clear.
jointly and severally liable regulatory
"were jointly and severally liable for principal"
When parties are jointly and severally liable, each person or entity can be held responsible for the full amount of a debt or obligation, not just their share. For investors this matters because a creditor or counterparty can seek the entire repayment from any one of the liable parties — like a landlord choosing to collect the full rent from one tenant even if several signed the lease — which increases credit and recovery risk and can affect valuations and legal exposure.
Reciprocal Enforcement of Judgments Act 1958 regulatory
"under the Reciprocal Enforcement of Judgments Act 1958"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the CURR charging order cover?

The High Court of Malaya made absolute a charging order over 100,465 ordinary shares in Tranglo Sdn. Bhd. owned by Currenc subsidiary Seamless Group Inc. Ripple Markets APAC obtained the order to enforce the Singapore High Court summary judgment against Seamless.

Can RMA sell the Tranglo shares immediately?

Any sale would require further enforcement proceedings. Beginning October 7, 2026, Ripple Markets APAC may commence further proceedings and seek a sale; Seamless may seek to protect its interests concerning the valuation, manner and terms of a proposed sale.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of October 2026

 

Commission File No. 001-41079

 

Currenc Group Inc.

(Translation of registrant’s name into English)

 

410 North Bridge Road,

Spaces City Hall,

Singapore

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F

 

Form 20-F ☒ Form 40-F ☐

 

 

 

 
 

 

Information Contained in this Report

 

On October 1, 2026, Currenc Group Inc. (Nasdaq: CURR) (the “Company”) was informed that the High Court of Malaya (the “Malaysian Court”) made absolute a charging order (the “Charging Order”) over 100,465 ordinary shares in Tranglo Sdn. Bhd. (the “Tranglo Shares”) owned by the Company’s subsidiary, Seamless Group Inc. (“Seamless”). Ripple Markets APAC Pte. Ltd. (“RMA”) obtained the Charging Order to enforce the summary judgment entered against Seamless by the Singapore High Court (the “Singapore Court”) on April 17, 2025 (in HC/OC 628/2024) (the “Summary Judgment”), described below, which remains unsatisfied. Beginning on October 7, 2026, RMA may commence further proceedings to enforce the Charging Order and seek a sale of the Tranglo Shares. Any such sale would require further enforcement proceedings, during which Seamless may seek to protect its interests, including with respect to the valuation, manner and terms of any proposed sale.

 

As previously disclosed, on August 17, 2024, RMA sent a default letter to GEA Limited (“GEA”) demanding payment totaling US$27,257,540.64, and sent a demand letter to Seamless, as guarantor, demanding the full amount by August 19, 2024. On August 19, 2024, RMA filed a claim in the Singapore Court naming Seamless and GEA as defendants (the “Defendants”) and demanding that the Defendants, jointly and severally, pay the demanded amount plus late fees and certain costs. On April 17, 2025, the Singapore Court granted the Summary Judgment. On April 17, 2026, RMA registered the Summary Judgment against Seamless in the Malaysian Court under the Reciprocal Enforcement of Judgments Act 1958. Because the Tranglo Shares are a Malaysian asset, RMA registered the Summary Judgment in Malaysia, where, by virtue of the registration, it became enforceable as if it were a judgment of the Malaysian Court.

 

As of the date of our Annual Report on Form 20-F filed with the Securities and Exchange Commission on April 30, 2026, the Defendants, including Seamless, were jointly and severally liable for the principal sum of US$23,952,480.00 and late payment charges (to be assessed at the date of full payment), as well as certain summons costs orders and appeal costs orders.

 

This Report on Form 6-K is incorporated by reference into the registration statement on Form S-8 (File No. 333-288771) of the Company, filed with the Securities and Exchange Commission, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.

 

 
 

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: October 7, 2026

 

CURRENC GROUP INC.  
     
By: /s/ Wan Lung Eng  
Name: Wan Lung Eng  
Title: Chief Financial Officer  

 

 

 

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