SINGAPORE (July 19): Less than a year after it was chided by Singapore Exchange Regulation (SGX RegCo) for failing to conduct proper due diligence for its controversial purchase of a haircare business, Datapulse Technology has found itself back in the crosshairs of the SGX.

SGX on Friday issued a notice of compliance to Datapulse over its recent investments in two hotels, as well as the awarding of hotel management agreements to companies linked to chairman Aw Cheok Huat.

SGX ordered Datapulse to disclose its basis for determining that its investments in minority stakes in the hotels were in the interest of its minority shareholders.

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