Datapulse eyes acquisition of KL hotel for diversification into hospitality industry

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SINGAPORE (July 17): Datapulse Technology, the optical disc manufacturer which was chided by Singapore Exchange Regulation (SGX RegCo) for buying a shampoo business without proper due diligence, is diversifying into the hospitality industry.

In a Monday night filing, Datapulse announced it had entered into a non-binding letter of intent with ICP to acquire MHI MY 1, a joint-venture company which owns the mid-scale Geo Hotel Kuala Lumpur and has a paid-up share capital of S$1,500.

The hotel will debut as Travelodge Central Market, Kuala Lumpur, after...(click on link for full story on theedgesingapore.com)