Datapulse announces diversification plans with intended acquisition of hotel in Seoul

SINGAPORE (Oct 4): Datapulse Technology is seeking to acquire a hotel located near the Myeongdong district in Seoul, Korea, as part of its plans to expand the company’s core business from optical disc manufacturing to include hotel and hospitality investments.  

In an Oct 3 filing to the SGX, Datapulse announced having signed signed a letter of intent (LoI) for the acquisition with an unnamed private company in Korea on Oct 1.

The group believes its acquisition will provide an additional and recurring revenue stream, as a catalyst into the property sector and hospitality sector – specifically which its board believes has strong growth potential.

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