Datapulse should diversify: board

THE board of Datapulse Technology is of the view that the company's immediate priority is to consider viable alternatives to diversify from an existing business that has limited prospects for profitability or growth.

This is according to a letter penned by chief financial officer Michael Lee and released to the Singapore Exchange on Sunday evening. He also said the board does not view tabling a resolution before shareholders, as requisitioned by Uniseraya Holdings and Ng Bie Tjin, would help in the diversification objective.

Uniseraya and Ms Ng hold a combined stake of about 16 per cent in Datapulse. They served a notice on Dec 26 to Datapulse, requesting the data media storage maker to convene an extraordinary general meeting.