Datapulse Technology Limited (SGX: BKW), an investment holding company headquartered in Singapore, principally engages in the hotel and hospitality property investment business, with operations in Singapore and South Korea. The company focuses on acquiring and investing in hotels and hospitality assets in gateway cities across Asia through majority or minority stakes, either standalone or in collaboration with capital partners; it pursues a value-add strategy targeting undervalued properties in prime locations for operational and physical enhancements; additionally, it provides asset management services and trades listed securities and instruments. Incorporated on 28 July 1980 and listed on the Singapore Exchange since 1994 (initially on Sesdaq and transferred to Mainboard in 2000), the company shifted its focus to property investments after ceasing its media storage business in financial year 2018 and haircare business in financial year 2019.
In recent developments, Datapulse Technology proposed its first foray into the hotel sector with the acquisition of a property in Seoul, South Korea, for S$42.7 million. The company also acquired a 5% stake in Bay Hotel Singapore for approximately S$12.1 million. In August 2023, Ang Kong Meng completed the acquisition of a 33.18% stake and made an offer for an additional 56.81% stake valued at SGD12.6 million, marking significant changes in ownership structure. Further, Datapulse announced plans to repurchase nearly 3 million shares, representing 11.7% of its minimum buyback offer, as part of ongoing capital management efforts. These moves underscore the company's strategic expansion in hospitality assets and shareholder value initiatives within the last two years.