Golden Saint Technologies to build data centre in Thailand

Golden Saint Technologies (GST), the technology company operating in the infrastructure development space, signed a letter of intent on Monday with Siam Motors Co Ltd to build and operate a tier three data central facility in Thailand. The companies are to enter into a joint venture to build, own and operate the data central facility in Pattaya or elsewhere in the Chonburi Province of Thailand. Golden Saint Technologies will own 48%, its local partner will own 4%, and the remaining 48% will be owned by SIAM to comply with legal regulations in Thailand. SIAM 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. It was established in 1952. Shares in Golden Saint Technologies were trading at 0.59p each on Monday