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Datapulse Technology
01-09-2018, 09:54 AM.
Post: #81
RE: Datapulse Technology
And Mr Aw is now Chairman Aw!

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10-09-2018, 05:40 PM.
Post: #82
RE: Datapulse Technology
(17-07-2018, 12:31 PM)cyclone Wrote: Letter of Intent In Relation To the Proposed Acquisition of the Entire Issued and Paid-Up Share Capital of MHI MY 1 Pte.Ltd.

Datapulse Technology announced that the Company had, on 16 July 2018, entered into a non-binding letter of intent (the "LOI") with ICP Ltd.’s wholly owned subsidiary, Midscale Hotel Investments Pte. Ltd.  in relation to the proposed acquisition by the Company of the entire issued and paid-up share capital of MHI MY 1 Pte. Ltd..

MHI MY 1 Pte. Ltd. is in the business of hotel investment. It, through its wholly owned Malaysian subsidiary, owns a midscale hotel in Kuala Lumpur, currently operating under the brand "Geo Hotel Kuala Lumpur". Upon the completion of a refurbishment program, the hotel will debut as Travelodge Central Market, Kuala Lumpur.

More details in

Website :

Termination of Letter of Intent in Relation to the Proposed Acquisition of the Entire Issued and Paid-Up Share Capital of MHI MY 1 Pte. Ltd.

Under the terms of the LOI, due diligence on the Target Subsidiary shall be completed on or before 10 September 2018 ("Deadline") unless an extension of the Deadline has been agreed upon by the Seller and the Company. As due diligence has not been completed by the Deadline, the Board wishes to announce that the Seller and the Company have mutually agreed to terminate the LOI with effect from the Deadline.

More details in
Specuvestor: Asset - Business - Structure.
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16-03-2019, 04:17 PM. (This post was last modified: 16-03-2019, 04:17 PM by weijian.)
Post: #83
RE: Datapulse Technology
(21-04-2018, 03:51 PM)weijian Wrote: Out of a total of 220mil shares, only about ~138mil (62.7%) came out to vote.

- Excluding the incumbent Miss Ng Siew Hong (29%) and Miss Intan (15%), OPMIs came out to vote at 62.7-29-15 = 18.7% --> Miss Intan and co started out with a 14% handicap but in essence, the help ceiling was only going to be 18.7% out of the full 56% OPMI pool (only 33% OPMIs turned up)
- As a percentage of total votes, the results can be interpreted as Ng Siew Hong @0.59*62.7=37% and Miss Intan @0.41*62.7=25.7%
- Based on above calculations, OPMIs' support can be broken down into (25.7-15)/18.7 = 57% (for Miss Intan) and (37-29)/18.7 =  43% (for Miss NSH).

Scenario 1: Assume there is 60% OPMI support (from above statistics), what is the % of turn out that Miss Intan needs?
- Equation is 0.6*0.56*X + 0.15 > 0.4*0.56*X + 0.29, where X=% of turnout required from OPMI to help Miss Intan win.
- Solving the above equation for X, X=1.25 which means 125% of OPMI --> This means with above voting trends demonstrated in the EGM, it is mathematically impossible for Misss Intan to win.
- So her comment "I think we have more shares than [those in support of the current board], represented by the minority shareholders" is not really valid.

Scenario 2: Let's assume that Miss Intan has overwhelming 80% of OPMI support, what is the %turn out that Miss Intan needs?
- Equation is 0.8*0.56*X + 0.15 > 0.2*0.56*X + 0.29, where X=% of turnout required from OPMI to help Miss Intan win.
- Solving the above equation for X, X=0.416 which means that ~42% of the turnout from OPMI is required, ie. at least half of the OPMIs (close to a thousand individuals i suppose?)

So probably i would like to conclude that support for Miss Intan wasn't strong in the first place (or at least there wasnt enough resources/time to rally the troops even though Prof Mak on her side). Even if it was, it was always going to be a tall order without more institutional support.

That said. I agree with Specuvestor that it has been a good fight. With recent memory of Sabana REIT, hope the wave of activism will continue to get stronger..who knows, one day, SPORE will have their own David Webb. Along the lines of the broken window theory, i suppose such acts of activism will only keep those who have "funny ideas" to have 2nd thoughts....

In this latest fight of Chair Aw and the OPMIs, it seems like OPMIs have lost again. Some VBs previously term it as the "Apathy of the Minorities".

In the previous EGM, Team NSH had ~81mil votes while Team Intan had ~56mil votes. In this round of face-off, Team NSH increased their margin to ~84mil votes, while Team Intan reduced to ~45mil. Putting Team NSH's increased votes of 3mil aside, the bigger drop is actually the slightly more than 10mil of votes that did not appear in this EGM for Team NSH. The Apathy of the Minorities has gotten worst.

Prof Mak's Call to arms for 14th March 2019 EGM:

Datapulse EGM results on 14th March 2019:

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