Intraco Limited Acquires 80% Stake in SlideSG, Marks Strategic Expansion into Payment Services

Key Developments Announced

• Intraco Limited has exercised its Exchange Option, acquiring a significant majority interest in SlideSG Pte. Ltd., a licensed Major Payment Institution in Singapore.
• The acquisition increases Intraco’s ownership in SlideSG to 80% of the issued and paid-up share capital, resulting in SlideSG becoming a subsidiary of Intraco Limited.
• SlideSG is expected to be renamed iChange Pte Ltd as part of this transition, signaling a new phase for the business.
• The move was the result of the Exchange Loan Agreement, where Intraco swapped its Exchangeable Loan for 750,200 existing shares in SlideSG, previously held by iAPPS. This transaction represented 60.1% of SlideSG’s share capital.
• The remaining shares were acquired through earlier arrangements, bringing Intraco’s total stake to 80%.
• The company also confirmed the completion of the iChange Acquisition as of 30 December 2025, formalizing its control over the payment institution.

Strategic Implications for Investors

• Entry into the Fintech Sector: The acquisition provides Intraco with immediate access to Singapore’s regulated payments industry, a sector poised for growth amid increasing digital payment adoption.
• Potential Revenue Diversification: As a licensed Major Payment Institution, SlideSG (soon iChange Pte Ltd) is authorized to provide key payment services, potentially opening new revenue streams for Intraco and mitigating reliance on its traditional businesses.
• Control and Influence: With an 80% stake, Intraco will have significant control over SlideSG’s strategic direction, operational decisions, and financial performance.
• Rebranding & Integration: The planned rebranding to iChange Pte Ltd may indicate a broader strategy to integrate and expand digital financial services under a unified brand, which could enhance market visibility and value.
• Shareholder Impact: These developments are likely to be price-sensitive, given the transformative nature of the transaction and its potential to impact Intraco’s future earnings, growth prospects, and market perception.
• Completion Milestones: All conditions precedent in the Exchange Loan Agreement have been fulfilled or waived, and the acquisition deal is now finalized, reducing transaction uncertainty for investors.

What Shareholders Need to Watch

• Regulatory Performance: As SlideSG/iChange is a licensed payment institution, ongoing compliance and regulatory approvals remain critical for sustained operations and growth potential.
• Integration Success: Effective integration of SlideSG into Intraco’s broader group will be essential for realizing synergies and value creation.
• Future Announcements: Investors should monitor for updates on the rebranding progress, strategic plans for iChange Pte Ltd, and any financial forecasts or guidance stemming from this acquisition.

Conclusion

Intraco Limited’s acquisition of a controlling stake in SlideSG (soon to be iChange Pte Ltd) represents a material event with the potential to reshape the company’s business model, diversify its revenue base, and provide new growth opportunities in the digital payments sector. This is a strategically significant development that could influence Intraco’s share price and investor sentiment in the near term.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with professional advisors before making any investment decisions. The information herein is based on company disclosures as of 2 January 2026 and may be subject to change.

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