The new Golden Saint is about to be listed on the main London market under the ticker of GST: a global technology investment company leveraging on its integrated Information Communication Technology (ICT) strategy to offer tech solutions worldwide.
GST is the result of a reverse take-over (RTO) of AIM listed Golden Saint Resources (GSR), incorporating the well-established tech business EMS Wiring, which has been supplying governments and large private organisations with intelligent building solutions for the last 20 years.
Although the diamond licences in Sierra Leone were believed to have good potential, the costs of progressing the work and bringing production to a substantial revenue proved too high for a small company like GSR. The capital required was high, the work to be done before any results could be seen was substantial, . Such a business became unfit for an Aim company, as most investors are looking for progress and news. The future looked hard. GSR tried but possibly failed to keep investor support amid the challenges involved in mining operations, market conditions, and Ebola hitting the country in 2016.
The Board therefore decided to evaluate alternative opportunities to bring back value to its shareholders.
Golden Saint left the past behind and focused on putting its revenue- generating strategy into action. The rightt opportunity then arose through Singaporean contacts in the technology business.
Renowned private equity executive Tone Goh saw the value in taking over GSR, deciding to bring in his business EMS Wiring to fast-track its expansion. In December 2017, after suspension, Golden Saint Resources delisted from AIM, and after a share consolidation started to prepare a new listing on LSE Standard.
“We saw the opportunity in EMS as a business which has cash flow and profits,” said the then CEO of Golden Saint Pierre Fourie in an interview with FinancialFox. Hehighlighted that this change in the business’s direction was aimed at giving investors better returns.
Having completed the various pre-Admission steps, Golden Saint is now ready to proceed with Admission. GST builds on the consolidated cabling business to develop solutions the current needs of the ICT industry. Through the previous EMS Wiring, GST has been supplying governments and large private organisations with intelligent building solutions for the last 20 years. This extensive experience bodes well as the company now places itself within one of the fastest growing markets with opportunities expanding by the minute.
The global ICT market has grown consistently over the last decade. By next year, forecasts show that the global ICT market, including TV and video services, will be worth a total of more than 4.4 trillion euros. The emergence of other technologies such as artificial intelligence and internet of thigs (IoT) promise to keep widening the path for ventures in the ICT space and calling for more innovative solutions.
Golden Saint Technology is strategically positioned in the ICT (Information and Communication Technology) market. Although the company operates worldwide, its hub is in Asia, where the ICT industry is brewing and expanding at a fast pace and fueling opportunities for GST.
GST is at full steam as it has already laid out plans for after the listing: “We are very excited because after our listing we are entering the Indian market on a great opportunity to provide internet infrastructure for one million homes and we will have good profit from there,” said Chairman Tone Goh, at GST Investor Presentation in London last summer.
In an interview at the show FinancialFox
Golden Saint has a brand-new website. Visit goldensaint.com.