D-Day for battle of Datapulse's Ngs
At Friday's EGM, odds are stacked against disgruntled minority shareholders
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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.
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