Datapulse Technology has clarified that it has not divested its 5% stake in Travelodge Harbourfront, in contrast to what was suggested by a news agency in a May 23 article.
In the article, The Business Times reported that the Harbourfront hotel was being offered for sale for a guide price of $320 million, with Datapulse having sold its minority stake.
In their announcement, Datapulse says that no transaction or agreement to sell the stake has taken place. The group has since written to The Business Times to clarify this statement.
The group also clarifies that Datapulse will provide timely updates concerning any future material developments.
Shares in Datapulse Technology BKW closed flat at 10.5 cents on Sept 9.
