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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.

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