KUALA LUMPUR (Apr 3): Ingenuity Consolidated Bhd (Ingenco) today announced that Wong Eng Su, former GD Express Carrier Bhd (GDEX) executive director cum chief operating officer (COO), is now its new managing director (MD).

According to Ingenco’s filing with Bursa Malaysia, the appointment is effective today. The position was left vacant after previous MD Chin Boon Long resigned on Feb 13, 2015, due to "health reason and other personal commitments".

Rumours emerged that Wong would be taking over the helm at Ingenco after he bought over Chin’s entire equity interest in Firstwide Success Sdn Bhd last Thursday (Mar 26), an outfit that owns 9.22% stake in Ingenco.

Wong had subsequently resigned both of his position as GDEX executive director and COO on Apr 1, according to GDEX’s statement to the local exchange today.

Consequently, current GDEX MD cum chief executive officer Teong Teck Lean will assume Wong’s previous role in this interim period.

Ingenco rose half sen or 5.88% to 9 sen today; it is the most traded counter today, having 138.8 million shares done. Its current price gives it a market capitalisation of RM85.84 million.

GDEX on the other hand was up three sen or 1.74% at RM1.75, which gives it a market capitalisation of RM2.08 billion.

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