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Datapulse's hospitality quest on firmer footing with stake acquisition in local hotel

Stanislaus Jude Chan
Stanislaus Jude Chan • 3 min read
Datapulse's hospitality quest on firmer footing with stake acquisition in local hotel
SINGAPORE (July 9): Datapulse Technology is taking another step towards its diversification into the hospitality industry – just months after it was thrust into the spotlight for buying a haircare business without proper due diligence.
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SINGAPORE (July 9): Datapulse Technology is taking another step towards its diversification into the hospitality industry – just months after it was thrust into the spotlight for buying a haircare business without proper due diligence.

In a filing to SGX late on Monday night, Datapulse announced it has entered into definitive agreements to acquire a stake in Bay Hotel Singapore at 50 Telok Blangah Road.

As at noon on Tuesday, shares in Datapulse are trading 15% lower, or down 4.5 cents, at 25.5 cents – hours after the lifting of its trading halt.

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