Tussle over future direction of Datapulse wages on
CEO reveals expansion plans for recently acquired hair care product maker Wayco Manufacturing
Singapore
DATAPULSE Technology will expand its recently acquired hair care product manufacturer into the distribution business, chief executive Wilson Teng said on Thursday, as that business and his directorship are being challenged by a bloc of minority shareholders.
It has also identified Indonesia and Vietnam as key new markets for the hair care business under Wayco Manufacturing - a Malaysian-incorporated firm it acquired in December 2017 for S$3.43 million. Wayco Manufacturing produces six core brands of hair care products that are distributed in Singapore and Malaysia.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
iPhone maker Hon Hai’s April sales rise 19% in positive signal
Worsening weather is igniting a US$25 billion market
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance