- Technology investment company Golden Saint Tech signed a letter of intent with Siam Motors to enter into a joint venture to build, own and operate a tier three data centre facility in Pattaya and Chonburi Province in Thailand.

The ownership of the project would be 48% by SIAM, 4% by GST's local partner and 48% by GST, in order to comply with legal regulations in Thailand, the company said.

'The parties will then work together to establish an appropriate funding structure for the Project, with GST maintaining an equity interest, together with providing technical and project management services. Upon completion, GST will become the operating partner for the data centre,' it added.

At 10:10am: [LON:GST] share price was 0p at 0.59p

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