Datapulse Technology

[opmi]

Miss Ng Siew Hong spent 55c per share to buy a cash company with 39c NAV per share.  Financially, her decision made no sense.  Commercially, her willingness to pay such a big premium for a 29% stake is obviously for the "control premium" to use the $80m cash in the company to her fancy.   It is not unreasonable to deduce that she need to recover the premium she paid by using the cash in a way that will directly benefit her to the detriment of other shareholders (hence the public outcry).  However, things did not go as smoothly as she planned when minorities, SGX and academics fought back.  Under all the watchful eyes, she may not be able to do another "hair" deal easily in the near future.  But in the longer term, it is a different story .....this company at its current state, is a definite SELL.
And to Ang Kong Meng, the seller of the Hair Biz to Datapulse who called these minorities "brainless"....this story may not end here and you will pay for making this remark.

https://primeglobal.net/firms/ang-co-pac  << this guy?

http://www.angnco.com/our-profile/