Ascapia may make offer for Datapulse; faces suit over 'baseless claims'
Add BT as a preferred source
Anita Gabriel
Singapore
SINGAPORE-BASED hedge fund Ascapia Capital, which already owns some 410,000 shares in cash-rich Datapulse Technology, is mulling a possible partial offer for the company in the hope of setting things right at the firm.
"That is the game plan. We want 27 per cent (stake) so we can have a say," Ascapia's portfolio manager Wesley Widjaja told The Business Times. "But it's on pause for now... although we remain open to it as the company's shareholder base is fragmented (there are about 9,000 minority shareholders as at Jan 25) and we need to examine our options," he added.
TRENDING NOW
Onitsuka Tiger pivots from Asics stripes to tap luxury market
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Dim sum chain Tim Ho Wan to close first Singapore outlet at Plaza Singapura after 13 years
Orchid Hotel in Tanjong Pagar sold for about S$273 million
