You are here
Datapulse served writ from former directors over alleged missed payment
DATAPULSE Technology on Monday said that it has been sued by its former executive directors - Ng Cheow Chye, Ng Cheow Leng and Si Yok Fong - who claim that the company owes them S$751,118 from a profit-sharing arrangement.
Datapulse has paid the directors a partial sum of S$589,000, but disputes the alleged balance payment of S$161,308 that the trio say is owed to them.
Datapulse is a former media storage business that made headlines for expanding into a haircare business before backing out of the deal later. In December, it said it would acquire Hotel Aropa in Seoul for 35 billion won (S$42.7 million).
Shares of Datapulse closed on Monday at S$0.275, up half a Singapore cent.