Datapulse Tech: More questions about disclosures, corporate governance

I REFER to my letter "Datapulse Technology's disclosures about its operations throw up more questions than answers" (BT, Dec 8) and the Hock Lock Siew column "Minorities in the dark over Datapulse's fate" (BT, Dec 12).

In its Dec 8 announcement providing further information on the sale of shares by the director and substantial shareholder, the company disclosed that the letter from the new shareholder, Ng Siew Hong, said:

"Given that the core business of the Company is no longer profitable and the Company will be ceasing its manufacturing business soon, it will be detrimental to shareholders if efforts are not made to diversify the core business of the Company. It would be in the interests of the Company and its shareholders to diversify the business of the Company to include multi-industry investments as part of the core business of the Company".