Golden Saint Technologies Limited Thailand Data Centre Letter of Intent Signed (5235Z)
May 20 2019 - 2:00AM
UK Regulatory
TIDMGST
RNS Number : 5235Z
Golden Saint Technologies Limited
20 May 2019
For immediate release: 20 May 2019
Golden Saint Technologies Limited
("GST" or the "Company")
Data Centre Letter of Intent
GST (LSE: GST), the global technology investment company,
providing integrated information and communication technology
infrastructure solutions, is pleased to announce that the Company
has signed a Letter of Intent ("LOI") with Siam Motors Co Ltd
("SIAM") detailing the parties intention to enter into a joint
venture to build, own and operate a tier three data centre facility
in Pattaya and/or Chonburi Province in Thailand (the
"Project").
SIAM, established in 1952, is Thailand's longest established
automotive industry group and is now a diversified business
covering interests in sectors as diverse as automotive,
construction, education, hospitality and industrial. Further
information on SIAM may be found at:
https://www.siammotors.com/en/home/
It is the intention of the parties to form a new Thai joint
venture company to progress the Project that will be initially
owned 48% by SIAM, 4% by GST's local partner and 48% by GST, in
order to comply with legal regulations in Thailand. The parties
will then work together to establish an appropriate funding
structure for the Project, with GST maintaining an equity interest,
together with providing technical and project management services.
Upon completion, GST will become the operating partner for the data
centre.
Tone Goh, Executive Chairman of GST, commented: "The Company is
delighted to have signed this LOI with SIAM. SIAM are one of
Thailand's leading business groups and we look forward to working
with them to progress this planned data centre project.
The establishment of data centres in South East Asia and in
other locations globally is a core part of GST's strategy,
leveraging our existing strengths in IT infrastructure and
mechanical and electrical services. We look forward to providing
further updates as this Project progresses."
Enquiries
The Company
Pierre Fourie, Managing Director London +44 20 7097 8926
Australia +61 8 6189 8531
Tone Goh, Executive Chairman Singapore +65 6444 2988
Financial PR & Investor Relations
IFC Advisory Limited
Tim Metcalfe / Graham Herring / Heather
Armstrong London +44 20 3934 6636
About GST
Through investing in high-growth technology businesses, GST
provide optimal wireless, electronic cabling, security, and other
solutions to clients operating in the infrastructure development
space. GST builds on the profitable ICT business of its Singaporean
subsidiary EMS Wiring Systems, which has been supplying governments
and large private organisations with intelligent building solutions
for the last 28 years. GST's strategy is to develop solutions to
meet the needs of the ICT industry, acting on the surging
opportunities in the technology and innovation sectors - data
Centres, intelligent buildings, smart cities and the Internet of
Things - particularly targeting emerging markets where the demand
for ICT infrastructure is increasing rapidly.
For more information please see: www.gstechnologies.co.uk
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END
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