Datapulse Technology

[weijian]

SGX has rejected Datapulse's appointment of RHTLaw Taylor Wessing LLP as the independent reviewer of its internal process. 

RHTLaw Taylor Wessing LLP is a company within the RHT Capital group, which is a sponsor for the Catalist-listed OEL Holdings. Datapulse's current chairman and independent director, Mr Low Beng Tin was the founder and executive director of OEL from 15 Sep 1984 to 18 Oct 2016. This was not disclosed to SGX.

Datapulse now needs to re-appoint another independent professional to carry out the review by 11 Apr 2018.

SOURCE: Notice of Compliance

Yet another black mark on the current board. Not sure if it was a wilful omission or unintentional mistake. Whatever the case, it showed either sinister intention to deceive and control the review process or incompetence. 

Both just provides more ammunition for the minority shareholders to remove the current board. 

This was actually bought up by Dr Mak last week and i am glad some action has been done by SGX to ensure OPMIs are not prejudiced (as what has been done in the SIAS meeting)

http://governanceforstakeholders.com/201...on-issues/