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Currenc Group CEO Ronnie Hui Steps Down, Alex Kong Assumes Role
ByAinvest
Friday, Aug 15, 2025 3:21 pm ET1min read
Currenc Group (NASDAQ:CURR) announced that Dr. Ronnie Hui has stepped down as CEO and Alex Kong, the company's founder and executive chairman, will assume the position. The stock is currently down 2.90% to $1.6604.
Currenc Group Inc. (NASDAQ:CURR) has announced a significant leadership change, with Dr. Ronnie Hui stepping down as Chief Executive Officer (CEO). Alex Kong, the company's founder and executive chairman, will assume the CEO position effective immediately. This transition comes amidst a period of significant evolution for the company, as noted by Kong himself, who praised Hui's guidance through various market challenges.Kong expressed his excitement about returning to the CEO role, stating that Hui's contributions have laid a strong foundation for Currenc's next phase of growth. The company is currently trading at $1.67, down 2.20 percent on the Nasdaq [1].
Dr. Ronnie Hui's departure from Currenc Group follows a period of notable market challenges and growth. The company has seen its stock price fluctuate significantly over the past year, with a 52-week low of $0.33 and a 52-week high of $7.08. Despite these fluctuations, Currenc Group has shown resilience, with a 3-year return of 335.48% [3].
The stock's current performance reflects a broader trend in the fintech sector, where market volatility remains high. Analysts predict an upside of 165.15% for Currenc Group's share price, with a target of $3.50 [3]. However, the stock's technical indicators suggest a "SELL" signal, indicating potential market downturns [3].
As Currenc Group continues to navigate the AI era, the leadership transition marks a new chapter in its growth story. The company's focus on nutraceutical formulation and delivery technologies, under the Seratopical and Nutri-Strips brands, positions it to capitalize on the growing wellness market [2].
References:
[1] https://www.nasdaq.com/articles/currenc-group-ceo-ronnie-hui-steps-down-founder-alex-kong-assume-ceo-role
[2] https://www.rttnews.com/3566601/currenc-group-ceo-ronnie-hui-steps-down-founder-alex-kong-to-assume-ceo-role.aspx
[3] https://www.indmoney.com/us-stocks/currenc-group-inc-share-price-curr
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