SGX serves Datapulse notice of compliance over hotel deals
It wants Datapulse's audit committee to vet hospitality-related deals involving chairman's firm to ensure they are on normal commercial terms
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Vivienne Tay
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Singapore
THE Singapore Exchange (SGX) has issued a notice of compliance to Datapulse Technology relating to its recent minority investments in two hotels and the awarding of hotel management agreements to firms linked to the company's chairman and controlling shareholder.
Datapulse had earlier entered transactions to acquire a 5 per cent stake in Bay Hotel Singapore and a 15 per cent stake in Holiday Inn Express Euljiro in Seoul.
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