Proposed Dividend from the Proposed Directors
NO ‘WAY’ NO! SAVE DATAPULSE!!!
NO ‘WAY’ NO! SAVE DATAPULSE!!! Dear Fellow Shareholders The requisitioned EGM by the family of former Datapulse Technology chairman and co-founder Ng Khim Guan seeking to replace four directors on the Company’s Board and re-evaluate its diversification strategy is being scheduled for 20 April 2018. It is a mammoth task for the family whose combined stake at about 16% is small relative to the new controlling shareholder’s 29% shareholding. As a group of concerned shareholders whose interests are aligned with the rest of the minority shareholders – of which there are more than 9000 of us and who together hold 55% of the shares in the Company – we are naturally troubled by recent developments in the Company, as have been reported in the newspapers as well as various articles and commentaries on the Company that have been written by experts in corporate governance and company law matters. We are concerned about the Company’s future well-being and whether the minority shareholders’ ri...
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