SUBSCRIBERS

No end to hairy fights at Datapulse

Annabeth Leow
Published Mon, Jan 29, 2018 · 09:50 PM

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…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here