TIDMGST

GSTechnologies Ltd

19 February 2021

REACH

19 February 2021

GSTechnologies Limited

("GST" or the "Company")

Establishment of Singapore Subsidiary

GSTechnologies Limited (LSE: GST), the integrated information and communication technology infrastructure solutions provider, is pleased to confirm that, in line with the Company's strategy, the proposed establishment of the Company's new wholly owned subsidiary in Singapore, GS Fintech PTE. Ltd. ("GS Fintech Singapore"), has now been completed to help facilitate the Company's planned expansion into blockchain related technologies and services, together with the Company's recently established UK subsidiary.

Tone Goh, Chairman of GST, commented: "As previously announced, the establishment of GS Fintech Singapore forms part of the first stage in our planned expansion into areas utilising blockchain technology following the recent appointments of Jack Bai and Shayne Tan to the Company's board and the establishment of a similar subsidiary based in the UK. I look forward to providing further updates in due course."

Enquiries:

 
 The Company 
 Tone Goh, Executive Chairman                Singapore    +65 6444 2988 
 Financial PR & Investor Relations 
  IFC Advisory Limited 
 Tim Metcalfe / Graham Herring / Florence 
  Chandler                                   London       +44 20 3934 6630

About GST

GST provides optimal wireless, electronic cabling, security, and other solutions to clients operating in the infrastructure development space. GST builds on the profitable ICT business of its Singaporean subsidiary EMS Wiring Systems, which has been supplying governments and large private organisations with intelligent building solutions for the last 30 years. GST's strategy is to develop solutions to meet the needs of the ICT industry, acting on the surging opportunities in the technology and innovation sectors - data centres, intelligent buildings, smart cities and the Internet of Things - particularly targeting emerging markets where the demand for ICT infrastructure is increasing rapidly.

For more information please see: https://gstechnologies.co.uk/

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word "Reach" in the source column of the News Explorer pages of London Stock Exchange's website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAEKLBFFLLBBBE

(END) Dow Jones Newswires

February 19, 2021 02:00 ET (07:00 GMT)

Gstechnologies (LSE:GST)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Gstechnologies Charts.
Gstechnologies (LSE:GST)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Gstechnologies Charts.