In their announcement, Datapulse says that no transaction or agreement to sell the stake has taken place. The group has since written to The Business Times to clarify this statement.
Datapulse Technology has clarified that it has not divested its 5% stake in Travelodge Harbourfront, in contrast to what was suggested by a news agency in a May 23 article.
In the article, The Business Times reported that the Harbourfront hotel was being offered for sale for a guide price of $320 million, with Datapulse having sold its minority stake.
