Datapulse Tech to buy haircare business for S$3.5m

Singapore

MAINBOARD-LISTED Datapulse Technology announced after Tuesday's trading hours that it has entered into a deal to buy out Malaysia-incorporated haircare manufacturing business, Wayco Manufacturing, from Way Company Pte Ltd for S$3.5 million in cash.

Datapulse said that the consideration has been agreed upon between the two parties after taking into account the six-month unaudited net profit and unaudited net tangible asset (NTA) value of Wayco.