No end to hairy fights at Datapulse
HAIRSPRAY should be a cutesy musical about a pleasantly plump Baltimore teenager coming of age in the 1960s - not at the heart of a feud at a mainboard-listed disk drive maker.
But a row has been brewing at Datapulse Technology since last November, when co-founder Ng Cheow Chye sold his stake to the unrelated Ng Siew Hong at a premium.
Longtime directors stepped down. A new board was appointed, including two men later revealed to be acquaintances of Ms Ng Siew Hong.
And Datapulse embarked on the acquisition of a company involved in the making of "hair care, cosmetics and other homecare chemical products".
This deal has earned the ire of another set of Ngs, no relation: the family of the other Datapulse co-founder, Ng Khim Guan. Their investment vehicle and Mr Ng's daughter, Ng Bie Tjin, have launched a bid…
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