TS Wong making waves

What’s up: Is Wong also involved in Cuscapi?

SO what is billionaire entrepreneur Wong Thean Soon (pic) better known as TS Wong, up to these days?

Wong is well known for his position as the managing director and single largest shareholder of MyEG Services Bhd which has a market capitalisation of RM7.8bil.

Wong’s recent entry in companies such as Excel Force MSC Sdn Bhd and Palette Multimedia Bhd in recent months has stirred much interest.

But is he also involved in Cuscapi Bhd?

Of interest is the fact that Datuk Jayakumar Panneer Selvam is taking up a placement of shares in Cuscapi.

His emergence in Cuscapi has piqued the interest of the market. This is because Jayakumar is also an investor in Excel Force, where Wong is a substantial shareholder. It has also been reported that Jayakumar has been a project director in MyEG, Wong’s mainstay.

Jayakumar has bought into Excel Force with a 2.2% stake and is holding more than 50% the company’s warrants, the company’s annual report shows.

Meanwhile, Wong owns almost 20% stake in Excel Force.

Cuscapi’s placement