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 Raffles Campus in 2004, accounting for 47% of the total equity investment of $4.2 million.

The deal was deemed an interested person transaction as Datapulse’s then independent non-executive director Ng Boon Yew was also a controlling shareholder of Raffles Campus.

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