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ENERGY & UTILITIES | Electric
ingenco.com

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Stage

Private Equity | Alive

Total Raised

$9.17M

Last Raised

$9.17M | 8 yrs ago

About INGENCO

INGENCO is a rapidly-growing provider in the green energy field of landfill gas electricity generation. The company operates the largest landfill gas electricity generation portfolio on the East Coast. INGENCO's technology provides the platform upon which it develops commercially viable projects at landfill sites where other companies cannot. These landfill gas-to-energy projects help protect the environment by reducing harmful methane gas emissions from the landfills while also providing the landfills with economic growth.

INGENCO Headquarter Location

2250 Dabney Road

Richmond, Virginia, 23230,

United States

804-521-3570

Latest INGENCO News

GD Express Carrier Berhad : Ingenco stirs interest on entry of new shareholder

Apr 4, 2015

nine sen yesterday and was the most actively traded counter of the day. The question remains as to what is Wong's plan in taking up a stake in Ingenco? Also, it remains to be seen if he would emerge as the largest shareholder of the company. The 44-year-old joined GDEx as a sales executive 15 years ago and was appointed director in 2013. In GDEx, he was in charge of the express carrier's business operations. While the purchase price of his 9.22% stake is unknown, assuming it was done at a market price of nine sen , this would translate to roughly RM7.9mil . That is a lot of money going into a loss-making entity. It is also presently unknown whether Wong is the buyer of the additional 2.1% from the off-market transaction. When contacted by StarBizWeek, Wong said that he was unable to comment at the moment. “I am now in a transition period. However, my official resignation from GDEx has been announced. My new endeavour is based on my personal interest,” he said. Nonetheless, it is very likely that Wong's presence would be in line with Ingenco's plans to tap into the e-commerce services and courier business, something Chin had previously highlighted in 2013. Chong, the new CEO of Ingenco, says that he joined Ingenco because he sees more opportunities than downside. “In the telecommunications sector, there is a gap between the needs of the telco operators and the supporting companies. Right now, we want Ingenco to be that value-adding company for the telco operators.” He added that broadly, Ingenco would focus on its Third Party Logistics (3PL) and Fourth Party Logistics segment for telco operators. “This is something Ingenco can do because we already have the system and processes. Through this, we will be able to go for the big bidding exercises with the telco operators,” said Chong, who has been in the telco sector for close to two decades. He was with Maxis for more than 7½ years and DiGi for 10. He explains that for the moment, the company would be growing organically. While it would maintain its traditional distribution business, its new pillars would include its e-commerce platform, a focus on supply chain management, as well as being the fulfilment arm for telecommunications operators. “Distribution is transactional revenue, and we know that is not sustainable. However, when we are involved in supply chain management, we get to generate recurring income. That is what we are looking to achieve for Ingenco,” says Chong. Ingenco is an investment holding company involved in four core businesses, namely, business software solutions, systems integration and services, ICT hardware and software distribution and services, and telecommunications products and distribution services. For the third quarter ended Dec 31, 2014 , Ingenco made a profit of RM256,000

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