D-Day for battle of Datapulse's Ngs

Singapore

THE six-month-long divisive shareholder feud at cash-rich Datapulse Technology between two Ngs culminates in Friday's extraordinary general meeting where the current four board members will pit themselves against four proposed directors while the fate of a contentious diversification plan to save the company will be sealed.

At the heart of this no-holds-barred fight - if one strips out the back and forth trading of salvos that has oft-times turned ugly - is mistrust over the company's plans to utilise some S$84 million cash, a bulk of which was amassed from the sale of its factory and headquarters at Tai Seng Drive in January.

Leading the dissent is Ng Bie Tjin, 51, the daughter of Datapulse's co- founder and ex finance director who through a family vehicle owns 16 per ce…