Ingenco director sells shares for 17 sen

PETALING JAYA: Information technology firm Ingenuity Consolidated Bhd’s (Ingenco) director Lim Boon Hong has sold 20 million Ingenco shares for 17 sen each in an off-market transaction.

The shares represented 2.1% of the company’s outstanding shares. The transaction price is a 100% premium over Ingenco’s market price of 8.5 sen.

GD Express Carrier Bhd’s (GDEx) former chief operating officer Wong Eng Su had emerged in Ingenco on March 23. He resigned from the express carrier on Tuesday after 14 years of service to “pursue other personal interests”. Sources told StarBiz that Wong would take over as Ingenco’s new managing director. Wong had bought 9.22% from Ingenco’s former MD and shareholder Chin Boon Long, who resigned in February.

Separately, GDEx said its MD Teong Teck Lean would oversee the express carrier’s operations with its senior management team.

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