Datapulse Technology

[ccakg]

Calling all Datapulse Technology shareholders to unite and vote out the Board led by Low Beng Tin this upcoming EGM on 20 April!
This is a close fight, every vote counts big or small! Vote in person or by proxy (need to be submitted at least 48hours before)

Message from group of concerned minority shareholders (English):
https://s3-ap-southeast-1.amazonaws.com/...1522651661

Message from group of concerned minority shareholders (Chinese):
https://s3-ap-southeast-1.amazonaws.com/...1522651742

Prof Mak Yuen Teen's guide to voting:
https://s3-ap-southeast-1.amazonaws.com/...1522651736

How to fill up the proxy form:
https://s3-ap-southeast-1.amazonaws.com/...1522651727

Credentials of Proposed Directors:
https://s3-ap-southeast-1.amazonaws.com/...1522651703

[opmi]

I will go buy some Shares for support.

Minority shareholders in SG kenna makan’ed
Coz they not united and want to ‘free-ride’.

Want something to be done, do something about it.
Even it is ‘not your business’.

[lonewolf]

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. 

[lonewolf]

I will go buy some Shares for support.

Minority shareholders in SG kenna makan’ed
Coz they not united and want to ‘free-ride’.

Want something to be done, do something about it.
Even it is ‘not your business’.

Thank you for your support opmi.

Last day for lodgement of proxy form is 18 Apr. So I reckon you need to buy your Datapulse shares by then to attend the EGM on 20 Apr 2018 2pm.

[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/

[lonewolf]

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/

While I am glad that SGX is taking actions, it should not need to come about only after Dr Mak makes his observation about the disclosure failure. And this is not the first time this has happened. In fact, I think it happened to Datapulse a few times since Dec last yr. 

Of cos to be fair to SGX, I'm not suggesting that SGX only takes action whether someone like Dr Mak writes an article about it.

But surely it is a little disconcerting that SGX compliance unit is not a little stronger or filled with people with the same doggedly determination of Dr Mak to dig out the facts (all publicly available records). And I would suggest further that people with dodgy reputation or track record should be tracked more closely whenever companies they are associated with makes a disclosure.

[specuvestor]

Dr Mak can choose what he wants to write about. SGX has to apply the same standard and scrutiny across the board

If act too early, SGX is paternalistic. I think in general SGX reaction has improved, but can be better. Some things are obvious but still need shareholders to whistlebow. They should open up a whistleblowing email.

[ccakg]

Is diversifying into hair care the right move?

https://youtu.be/FB76SXC9vlw


Let us STOP this diworsification by removing the board on 20 April EGM


How to fill up the proxy form:

https://s3-ap-southeast-1.amazonaws.com/...1522651727

[opmi]

Dr Mak can choose what he wants to write about. SGX has to apply the same standard and scrutiny across the board

If act too early, SGX is paternalistic. I think in general SGX reaction has improved, but can be better. Some things are obvious but still need shareholders to whistlebow. They should open up a whistleblowing email.

Like Police, no complaints no action taken. 

If want actions to be taken, then have to complain. 

Though SGX has been actively querying the listed issuers. 

http://www.sgx.com/wps/portal/sgxweb/hom...n/overview

[brattzz]

https://www.theedgesingapore.com/datapul...rent-board

minority lost.... hard fight for this type of co. :O