Proactive Investors - Run By Investors For Investors

Golden Saint Technologies begins first day of trading in London

The firm, which provides services to help businesses construct data centres for the Internet of Things (IoT), has admitted its entire share capital of around 995mln shares
Data centre
The company acquired IT firm EMS Wiring Systems earlier this year

Golden Saint Technologies Limited (LON:GST) began its first day of trading on the main board of the London Stock Exchange following an initial public offering.

The firm, which provides services to help businesses construct data centres for the Internet of Things (IoT), has admitted its entire share capital of around 995mln shares, as well as announcing the successful placing of 121mln new ordinary shares.

WATCH: Golden Saint's listing is 'golden passport' to credibility

Tone Goh, executive chairman of Golden Saint, said the firm was focused on further developing its ICT business in Indian in the short term and South East Asia in the medium term.

The company, originally a mining company known as Golden Saint Resources, changed its business area earlier this year after a strategic acquisition of IT firm EMS Wiring Systems.

In mid-morning trading Thursday, Golden Saint shares were trading at around 0.8p.

View full GST profile View Profile

Golden Saint Technologies Ltd Timeline

Related Articles

1543288499_shutterstock_760467970.jpg
November 27 2018
Covata provides software solutions that enable continuous identification, classification and secure management of unstructured data.
The US World Trade Center burns on September 11, 2001
December 04 2018
The company is chaired by Australia's former defence and foreign affairs minister Stephen Smith.
Australian dollars
September 28 2018
The company is now achieving positive earnings before interest, tax, depreciation and amortisation results each month.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use