Ganesh Kumar Bangah
MOL Global founder Ganesh Kumar Bangah will now assume the role of executive chairman, while his post as CEO will be taken on jointly by Charles Ng Chee Chau and Preecha Praipattarakul, even as the company reports net losses. Goh Thean Eu looks more deeply at these developments.
While the overall stock market picture in 2014 seemed gloomy, some companies managed to dodge the larger trend, in particular those tech companies owned by entrepreneurs who made into Digital News Asia’s inaugural Digerati50 list, writes Goh Thean Eu.
MOL Global Inc, an e-payments company based in Malaysia, continued to face the backlash of disappointed investors as its share price plunged more than 80% from the opening price on its Nasdaq debut on Oct 9, 2014.
Mark Chang exits JobStreet.com, James Khoo of SecQ.me exits but under different circumstances, while MOL Global’s Ganesh Bangah Kumar has to deal with the fallout from his CFO quitting on the eve of his debut results announcement. It’s a tale of exits in the ecosystem this week!
Nasdaq-listed MOL Global Inc, which had a dismal debut on the stock exchange, announced it would delay reporting its third quarter 2014 financial results and that its CFO had resigned, which saw its shares plunge and US law firms announcing they were investigating the company.
Karamjit Singh finds himself disagreeing with Dr V. Sivapalan over how 2015 will shape up from an investing point of view. What do you think?
The payments market has ensconced players and may be facing stiff competition from deep-pocketed foreign companies eyeing the South-East Asian region, but there are still opportunities aplenty for the enterprising startup, said the two panellists at the DNA-TeAM Disrupt discussion on ‘Pay to Play.’
Nasdaq-listed MOL Global’s CEO Ganesh Kumar Bangah joins Disrupt#24 as a panelist, and Karamjit Singh is looking forward to the exchange that will happen on the topic of e-payments.
Much to his surprise, while attending an Internet conference in Oslo, DNA founder Karamjit Singh discovers many familiar challenges and obstacles faced by Scandinavian entrepreneurs.
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