No partial offer for Datapulse, says Ascapia
Would-be buyer is now not allowed to launch offer over next 6 months; Datapulse stock drops to S$0.34
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Annabeth Leow &
Anita Gabriel
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Singapore
ONE day after Singapore-based Ascapia Capital said it was mulling a partial takeover of drama-hit Datapulse Technology, the hedge fund has informed the company that it has decided not to push ahead with the plan.
"We hereby notify you and your shareholders that we do not intend to make the partial offer," said Ascapia director Hartono Susanto Salim in a letter dated March 8 that was disclosed in Datapulse's announcement on Friday.
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