Logiq Inc said it has appointed Matt Brent, Thet Twe Aung, and Eddie Foong to join the dedicated executive management team for its 'GoLogiq' spin-off
The company noted that Lovarra is now rebranded as GoLogiq and going forward, it will be referred to by that name. An application to FINRA to formally change the Lovarra name and OTC Markets ticker symbol to GoLogiq is in process.
Logiq transferred its AppLogiq division assets into Lovarra at the end of last year, with a planned corresponding distribution, on a pro-rata basis, of 100% of the company’s ownership interests in Lovarra to the company’s shareholders of record of December 30, 2021, which is expected to close approximately six months from now.
With the Logiq asset transfer of GoLogiq completed, both businesses now have a sharper focus, dedicated management teams, and greater flexibility to pursue new business and strategic opportunities in their respective markets which they anticipate will unlock new opportunities and value for shareholders, the company said.
READ: Logiq restructures management team; installs co-founder and executive chairman Brent Suen as CEO
Matt Brent has been appointed as the chief executive officer, and executive chairman of the GoLogiq board of directors. He brings 15 years of international management and business experience in mobile software, product development and strategy having built and led teams from across North America, China, and Southeast Asia for fintech, edutech, entertainment, and media, the company noted.
In a statement, Brent commented: “Our business operates in a unique sector serving the nascent, huge and rapidly growing Southeast Asia region with a variety of state-of-the-art mobile fintech solutions for its massively underserved marketplace.”
He added: “We are excited to install a seasoned group of individuals with deep roots in the region and a tremendous knowledge of mobile technology and fintech to enhance our current platform offerings and rapidly create new channels for customer acquisition.”
Brent joined GoLogiq in 2016 when it was named Weyland Tech. During that time, as chief strategy officer, he was instrumental in developing strategic partnerships and regional opportunities throughout Southeast Asia, driving the establishment and growth of GoLogiq’s Indonesian affiliate, PT Weyland Indonesia Perkasa.
The company said Thet Twe Aung has been appointed as chief technology officer. He is a highly credentialed software industry professional with over 12 years of experience developing, architecting, and managing infrastructure and operations.
Previously, Aung served as chief technology officer at Logiq where he helped spearhead growth and technology product and service management initiatives.
Eddie Foong has been appointed chief product officer. The founder of CreateApp, Foong brings over 17 years of experience in IT, sales and marketing, and operations.
He was instrumental in an RFID technology company that developed and changed the Singapore National Library Books borrowing system nationwide. Previously, he headed the sales and marketing department of IT within MNCs and government agencies.
Brent Suen, CEO of Logiq commented: “GoLogiq leadership’s extraordinary depth of experience and connections throughout the region as well as its technological acumen is a powerful competitive advantage. I’ve had the pleasure of working with Matt, Thet and Eddie, and their decades-long experience working in emerging markets is a terrific asset for GoLogiq.”
Contact Ritika at ritika@proactivreinvestors.com