iCapital.biz Berhad announced the redesignation of Datuk Ng Peng Hong @ Ng Peng Hay from Deputy Chairman to Chairman. The redesignation will take effect immediately after the conclusion of the Tenth Annual General Meeting to be held on 11 October 2014. He has been the Chairman of Malaysian Chinese Association, 7th Branch Melaka since 1982.

Presently, he is the Chairman of Koperasi Jayadiri Malaysia, a Board Member of Malaysian Investment Development Authority (MIDA) and a Director of The Tun Hussein Onn National Eye Hospital.