Intraco Lifts Stake in Licensed Fintech SlideSG to 80% After Exercising Exchange Option
Summary:
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Intraco Limited has exercised an exchange option on 2 January 2026 to convert its exchangeable loan into 750,200 existing shares of SlideSG Pte. Ltd., representing 60.1% of SlideSG’s issued and paid-up capital
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Following this conversion, Intraco’s ownership in SlideSG rises to 80.0%, making the licensed Major Payment Institution in Singapore an 80%-owned subsidiary of the group
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The exchange was triggered after the exchangeable loan, documented under an Exchange Loan Agreement dated 24 October 2025, was not repaid by its maturity date of 2 January 2026, with all conditions precedent having been fulfilled or waived
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Intraco plans to rebrand SlideSG as iChange Pte. Ltd. in due course, aligning the entity more closely with its digital payments and remittance ambitions
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The board also notes that, pursuant to a Business Transfer Agreement signed on 30 September 2025, SlideSG’s acquisition of the iChange business was completed on 30 December 2025, consolidating the fintech platform within the group