18 Days after IPO, Golden Saint Technologies Signs $1M Deal
(GST) has announced that their wholly-owned subsidiary EMS Wiring Systems was awarded a contract, valued at $1 million, to create a data centre in Singapore.
The integrated information and communication technology company could not name the client per the conditions of an NDA. Executive Chairman Tone Goh did, however, say it was a top three data center operators with a strong presence in the European and Asian Pacific regions.
A data centre in Singapore represents a strategic foothold for the company, as recent research has predicted that the island country’s wholesale data centre market will reach $1 billion in revenue by 2021.
Worth the equivalent of three times the company’s average monthly turnover during the same period in FY18, the deal also embodies the whirlwind growth GST has experienced in the past few weeks. The company listed on the main board of the London Stock Exchange and began trading only on November 22 of this year.
GST’s board argue their listing on LSE has skyrocketed the company’s credibility after moving their sector focus from mining to information and communications technology.
Signing a lucrative deal that significantly expands GST’s opportunities for future growth only 18 days later reveals a company that has hit the ground running.
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