Datapulse proposes special payout to get minorities' backing
Singapore
AMID a shareholder revolt to oust the newly-appointed board members of Datapulse Technology, the digital storage maker has proposed a special cash dividend of one Singapore cent per share once the S$53.5 million sale of its main industrial property - the company's headquarters - becomes a done deal.
The overture is not lost on market watchers; their hunch is that proposed payout may be a sweetener to win over the hearts of minority shareholders before they vote at two fast-approaching special meetings to oust four directors and endorse the board's controversial diversification (sans details) plan.
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