Datapulse Technology

Datapulse slapped with writ of summons by ex-directors after partial payment of claim
SINGAPORE (Feb 26): Three former executive directors of Datapulse Technology have commenced legal action against the company for a balance sum of their original demand. To recap, former directors Ng Cheow Chye, Ng Cheow Leng and Si Yok Fong had filed a Nov 14 letter demanding Datapulse to pay them an aggregate sum of $751,118, which they claimed due to them part of a profit sharing arrangement ...
Datapulse to acquire Seoul hotel for $42.7 mil
SINGAPORE (Dec 17): Datapulse Technology announced that it is acquiring Hotel Aropa, a hotel located in Seoul, Korea, from Hotel Prima Co for a consideration of KRW 35 billion ($42.7 million). See: Datapulse announces diversification plans with intended acquisition of hotel in Seoul The 127-room midscale hotel is located near Seoul’s Myeongdong district in the Namdaemun area of ...
Datapulse to sell back haircare business Wayco just a year after acquisition
SINGAPORE (Nov 16): Less than a year after its controversial purchase of haircare company Wayco, Datapulse Technology is looking to reverse the deal. In that time, two entire boards have been changed, and three CEOs have come and gone, opening up debate on corporate governance standards in Singapore. See: Questioning Singapore's corporate governance standards On Thursday night, ...
Datapulse announces diversification plans with intended acquisition of hotel in Seoul
SINGAPORE (Oct 4): Datapulse Technology is seeking to acquire a hotel located near the Myeongdong district in Seoul, Korea, as part of its plans to expand the company’s core business from optical disc manufacturing to include hotel and hospitality investments.   In an Oct 3 filing to the SGX, Datapulse announced having signed signed a letter of intent (LoI) for the acquisition with an ...
Datapulse eyes acquisition of KL hotel for diversification into hospitality industry
SINGAPORE (July 17): Datapulse Technology, the optical disc manufacturer which was chided by Singapore Exchange Regulation (SGX RegCo) for buying a shampoo business without proper due diligence, is diversifying into the hospitality industry. Login to read: Spotlighting recent scandals In a Monday night filing, Datapulse announced it had entered into a non-binding letter of intent with ICP ...
Questioning Singapore's corporate governance standards
SINGAPORE (June 29): Poor corporate governance recently became an issue at a number of locally listed companies, both large and small. Rig builder Keppel Corp was found to have paid bribes to secure contracts in Brazil. Commodity supply chain manager Noble Group has posted massive write-downs on values it had previously defended vigorously. And Datapulse ...
Datapulse shareholders vote in favour of current board
Sharanya Pillai (Apr 20): The current board of Datapulse Technology successfully dodged an attempt to be ousted on Friday, clearing the way for the company’s controversial diversification plans into the haircare business. At a raucous extraordinary general meeting of nearly 200 shareholders, shareholders voted against resolutions to oust CEO and executive director Wilson Teng, chairman Low ...
Questions remain ahead of Datapulse EGM
SINGAPORE (Apr 19): Datapulse Technology shareholders will decide Friday whether to keep the incumbent board and support its diversification plans, or to bring in new directors led by the dissenting shareholder Ng Bie Tjin @ Djuniarti Intan. In an extraordinary general meeting, the shareholders will vote on the proposed removal of CEO and executive director Wilson Teng, chairman and ...
Datapulse shareholder urges board to engage with SGX to address red flags
SINGAPORE (Apr 18): Lim See Yen, a minority shareholder of Datapulse Technology, has sent a letter urging the board to “engage SGX actively” regarding several red flags involving two of the company’s former directors as well as an investment in Raffles Campus. Datapulse’s current board revealed in an earlier filing on Mar 27 that the company had made a $2 million equity investment in ...
Minority shareholder sends open letter to Datapulse board
SINGAPORE (Apr 16): Chew Ah Kong, a minority shareholder of Datapulse Technology, sent an open letter to the company’s board on April 16. The letter expresses support for a $44 million one-off payout proposed by a group of dissenting shareholders, led by Ng Bie Tjin @ Djuniarti Intan. See: Datapulse shareholder Intan Ng maintains 20-cent interim dividend plan See: Datapulse board ...