The business, the people and the ownership behind Datapulse Tech.
Business overview
Datapulse Technology Limited invests in and operates hospitality assets in South Korea and Singapore. Its wholly owned Seoul hotel operates as Klaven Hotel Myeongdong City Hall under a self-managed model. The group also holds minority hotel investments and trades investment securities.
Listed security
Board & management
Four current directors, including Executive Chairman/CEO Ang; one current Financial Controller/Company Secretary Tan Hong Ean. Hor Siew Fu and Yeo Sock Koon are former. Subsequent reporting-extension and exit-offer statuses are dated and conditional; neither completed delisting nor an approved ACRA appeal is inferred.
Executive Chairman and Chief Executive Officer
Board appointment 27 March 2023; re-designated Executive Chairman and CEO on 1 February 2024. Current board and CEO confirmed by 11 August 2026 joint announcement. As reported at 2026-08-11Lead Independent Non-Executive Director
Board appointment 4 April 2023; re-designated Lead Independent Director 1 May 2025. Audit chair; Nominating and Remuneration member. Re-elected 19 November 2025. As reported at 2026-08-11Independent Non-Executive Director
Board appointment 31 July 2023. Remuneration chair; Audit and Nominating member. As reported at 2026-08-11Independent Non-Executive Director
Board appointment 1 May 2025. Nominating chair; Audit and Remuneration member. Re-elected 19 November 2025. His executive position described in biography is at Koh Brothers, not an executive board role at Datapulse. As reported at 2026-08-11Financial Controller and Company Secretary
One person holds both roles. The September 2026 extension announcement says Singapore office has only CEO and Financial Controller after the financial accountant departure; it does not appoint a new CFO. As reported at 2026-10-06Former Lead Independent Director
Resigned 28 November 2024; remuneration disclosure is historical, not a current directorship. As reported at 2024-11-28Former Chief Financial Officer
Resigned 2 August 2024; FY 2025 remuneration includes a bonus covering 1 January to 2 August 2024. Not a current CFO. As reported at 2024-08-02John Lee and Yap Ming Choo re-elected; all six resolutions carried and passed
Resolution 2 printed for-percentage 99.999% differs from 187,622,103/187,628,769 = 99.996% rounded to three decimals. The separate official AGM results prints 99.996%, matching the arithmetic; the later minutes prints 99.999%. Both source fields and the passed outcome are retained. As reported at 2025-11-19No longer subject to financial watch-list regime, with immediate effect
Issuer notice dated 31 October 2025 following regulatory changes; historical watch-list entry was 6 June 2023. This is separate from the later proposed delisting. As reported at 2025-10-31ACRA rejected applications; company will submit an appeal
6 October 2026 notice records ACRA email of 5 October rejecting AGM/annual-return extensions. SGX letter of 21 September is conditional: if independent shareholders reject delisting, AGM by 31 January 2027 and sustainability report by 17 January 2027; if they approve and offer is fair and reasonable, waiver of cited requirements. Conditions include ACRA outcome; it is not an unconditional approval of the requested February 2027 dates, nor an already approved appeal. As reported at 2026-10-06Conditional exit offer by Ang Kong Meng at S$0.155 per offer share
11 August 2026 proposal requires 75% approval of independent shares present and voting; offeror concert parties abstain. Independent financial adviser appointed 21 August. Proposal and appointment do not establish completed delisting, offer completion or a fair-and-reasonable opinion. As reported at 2026-08-21Roles listed in Annual Report 2025; current appointments are not independently verified.
Holdings
20 registered accounts and one substantial holder at 10 October 2025; 4,294 holders, 236,833,573 voting shares. Two distribution percentage source differences qualified. August 2026 warrant-expanded capital and dilution separately dated; warrants and shares are distinct and overlapping disclosures are not summed.
Direct 183,009,816 (77.27%); deemed –
Sole listed substantial shareholder as at 10 October 2025; 46,000,069 warrants separately disclosed, each exercisable for one share. Warrants are not added to current ordinary-share voting holdings. As reported at 2025-10-10237,663,173 issued; 236,833,573 excluding treasury shares
One vote per share on a poll; treasury shares carry no voting rights. Later warrant exercises have separate dates. As reported at 2025-10-10829,600 treasury shares (0.35%); subsidiary holdings Nil
Treasury shares are excluded from the ordinary voting denominator. As reported at 2025-10-104,294 holders; 236,833,573 shares
Five bands sum to stated totals. The 2,108-holder band prints 49.10% versus exact rounded 49.09%; the 9,861-share band prints 0.01% versus exact rounded 0.00%. Original percentage fields retained without inferring a rounding adjustment policy. As reported at 2025-10-10207,212,920 shares (87.49%)
Aggregate exact rounded percentage is 87.49%; the 20 accounts include the separately listed substantial shareholder, not additional non-overlapping holdings. As reported at 2025-10-10Approximately 22.73%
Issuer statement at 10 October 2025; not independently inferred from nominee accounts. As reported at 2025-10-10Ang Kong Meng direct 183,009,816 shares and 46,000,069 warrants
Both beginning/end financial-year positions; 21 August 2025 positions unchanged. Deemed interests in wholly owned subsidiaries are not additional deemed ordinary shares in the listed issuer. As reported at 2025-07-31Ang direct 183,009,816 shares (77.27%) and 27,499,069 warrants (30.91%)
Share denominator 236,858,573 excluding 829,600 treasury; outstanding warrants 88,959,354. Dated warrant snapshot differs from October 2025; no undisclosed warrant sale or exercise is inferred from that difference. Conditional offer is not a completed transfer of public shares. As reported at 2026-08-1119,141,400 new shares at S$0.09; voting shares 236,858,573 to 255,999,973
Allotted 20 August and listed 24 August 2026. Outstanding warrants become 69,817,954, expiring 28 November 2027. The announcement does not identify Ang as the exercising warrant holder. As reported at 2026-08-25Direct 183,009,816 unchanged; 77.27% to 71.49%; deemed zero
Transaction 20 August 2026, notified 20 August, broadcast 25 August. Circumstance explicitly dilution from issue of 19,141,400 new shares; not an Ang purchase or disposal. The exact new denominator gives 71.49%. As reported at 2026-08-20Total interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2025-10-10 · PDF p. 124
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| ANG KONG MENG | 183,009,816 shares (77.27%) | PDF p. 1242025-10-10 | |
| CGS INTERNATIONAL SECURITIES SINGAPORE PTE LTD | 5,095,642 shares (2.15%) | PDF p. 1242025-10-10 | |
| UOB KAY HIAN PTE LTD | 4,973,132 shares (2.10%) | PDF p. 1242025-10-10 | |
| MS VENTURE PTE LTD | 4,454,000 shares (1.88%) | PDF p. 1242025-10-10 | |
| DBS NOMINEES PTE LTD | 3,007,688 shares (1.27%) | PDF p. 1242025-10-10 | |
| MOOMOO FINANCIAL SINGAPORE PTE. LTD. | 1,164,496 shares (0.49%) | PDF p. 1242025-10-10 | |
| UNITED OVERSEAS BANK NOMINEES PTE LTD | 1,085,396 shares (0.46%) | PDF p. 1242025-10-10 | |
| PHILLIP SECURITIES PTE LTD | 992,538 shares (0.42%) | PDF p. 1242025-10-10 | |
| OCBC NOMINEES SINGAPORE PTE LTD | 659,474 shares (0.28%) | PDF p. 1242025-10-10 | |
| YEO AH MOEY | 600,000 shares (0.25%) | PDF p. 1242025-10-10 | |
| CITIBANK NOMINEES SINGAPORE PTE LTD | 307,564 shares (0.13%) | PDF p. 1242025-10-10 | |
| MAH HWEE LUAN | 233,333 shares (0.10%) | PDF p. 1242025-10-10 | |
| KOH CHENG HAU | 228,333 shares (0.10%) | PDF p. 1242025-10-10 | |
| JUAY SZE SIN | 227,400 shares (0.10%) | PDF p. 1242025-10-10 | |
| RAFFLES NOMINEES (PTE) LIMITED | 214,076 shares (0.09%) | PDF p. 1242025-10-10 | |
| TEO SOON KUAN | 203,333 shares (0.09%) | PDF p. 1242025-10-10 | |
| SZE SEE YEE OR ANG SEOK MOEY | 200,033 shares (0.08%) | PDF p. 1242025-10-10 | |
| YIT TENG YUET | 200,000 shares (0.08%) | PDF p. 1242025-10-10 | |
| CHEW HWEE SIANG | 180,000 shares (0.08%) | PDF p. 1242025-10-10 | |
| CHONG LOON CHYE | 176,666 shares (0.07%) | PDF p. 1242025-10-10 | |
Group structure
Twelve 100% subsidiaries: three direct Singapore entities and nine held through subsidiaries, including two Korean entities. Three FVOCI investees are other investments, not consolidated subsidiaries. Way is personally owned by the Chairman, not Group-owned. Hotel management/rebranding and subsidiary financial support are separately dated.
| Company | Market | Ownership interest |
|---|---|---|
| Datapulse Investment Pte. Ltd.Held directly by the Company.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| Capiti Investments Pte. Ltd.Held directly by the Company.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| Capiti Asset Management Pte. Ltd.Held directly by the Company.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Provision of management services | |
| Capikor Pte. Ltd.Held through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| Datapulse Pte. Ltd.Held through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| KPH Top Pte. Ltd.Held through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| KPH Pte. Ltd.Held through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| KPH 2 Pte. Ltd.Held through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| SPH Top Pte. Ltd.Held through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| SPH 1 Pte. Ltd.Held through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Singapore; 2025 100%; 2024 100%; Investment holding | |
| RK One Hotel Management LLCHeld through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Republic of Korea; 2025 100%; 2024 100%; Hotel operations | |
| IGIS Private Placement Real Estate Investment Trust No. 247Held through subsidiaries; intermediate chain is not individually specified in Note 12.PDF p. 1012025-07-31 | Republic of Korea; 2025 100%; 2024 100%; Investment holding | |
| Korea Investment Private Placement Business Hotel REIT No. AI861Note 11 unquoted equity investment. The report describes a 15% interest in Travelodge Myeongdong Euljiro; do not infer separate controlling ownership of this REIT or consolidate the hotel as a subsidiary.PDF p. 992025-07-31 | FVOCI investment; fair value 4,338 thousand (2024: 3,238) | |
| Pinetree Hotel Management LLCUnquoted equity investment in Note 11; not presented as a subsidiary or associate. This table does not separately print a per-entity ownership percentage.PDF p. 992025-07-31 | FVOCI investment; fair value 18 thousand (2024: 18) | |
| Pam Holdings II (BVI) LtdParent of Travelodge Harbourfront Singapore; shareholder loan separately held. US$5 was original equity consideration in 2019, not the current fair value or total investment including loan.PDF p. 992025-07-31 | 5% equity interest; FVOCI fair value 1,026 thousand (2024: 1,026) | |
| Way Company Pte. Ltd.External company owned by the individual Chairman/CEO, not a Group subsidiary. Klaven brand licence initial three years, optional further three by mutual agreement, nominal S$1 per annum.PDF p. 12025-10-28 | Related-party brand licensor, wholly owned by Ang Kong Meng | |
| Klaven Hotel Myeongdong City HallFY 2026 results confirm the rebranding in January 2026 and self-management. Previously Travelodge Myeongdong City Hall. Termination notice of existing HMA given 30 June 2025, expiring 31 December 2025; licensing/rebranding is not a sale of hotel assets or disposal of RK One.PDF p. 12026-01-01 | RK One self-management and rebranding effective 1 January 2026 | |
| Subsidiary financial supportDirect/indirect subsidiaries have net current liabilities. Amounts due 64,977 thousand less impairment 12,326 plus shares at cost 2 equals investment 52,653; not additional Group external assets. The support is not an unconditional source of new cash.PDF p. 1002025-10-29 | Company undertaking for at least twelve months from financial-statement issuance | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ang Kong Meng | CHIEF EXECUTIVE OFFICER | PDF p. 9 | |
| Tan Hong Ean | COMPANY SECRETARY | PDF p. 9 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| total of 16 employees | 16 employees | Group, FY2025 | PDF p. 21 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Mr Ang Kong Meng (1) | 210,975 $ | Executive Director, FY2025 | PDF p. 42 |
| Ms Yap Ming Choo (2) | 41,260 $ | Non-Executive Director, FY2025 | PDF p. 42 |
| Mr Yuen Pei Lur, Perry | 40,000 $ | Non-Executive Director, FY2025 | PDF p. 42 |
| Mr Lee Sok Khian, John (3) | 10,082 $ | Non-Executive Director, FY2025 | PDF p. 42 |
| Mr Hor Siew Fu(4) | 14,795 $ | Non-Executive Director, FY2025 | PDF p. 42 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Remuneration of key management personnel | 477 $'000 | Group and Company, FY2025 (2024: 605) | PDF p. 117 |
| IPT mandate | The IPT mandate was not renewed in subsequent year as it was no longer required or applicable and ceased to be in force. | Company | PDF p. 45 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| 25. Subsequent Events | on 24 October 2025, RK One has entered into a brand licensing agreement with a new hospitality brand. | Group · As at 2025-10-24 | PDF p. 123 |
Extracted from Annual Report 2025 and checked against the cited pages; see the original report for full context.
Corporate information
