GSTechnologies Ltd - Milton Keynes, England-based fintech and information technology company - Appoints Bai GuoJin, known as Jack Bai, as its new chief executive officer with immediate effect. Says Bai joined the board as executive director in January. Bai has over 30 years' experience in software development for the financial and telecommunication industries, the company notes. In 2016, Bai co-founded Singapore-based blockchain payment solution provider Wise MPay Pte Ltd.
"[Bai] has been leading our blockchain technology activities since his appointment at the beginning of the year and we believe it is the opportune time to appoint him to the role of CEO to take GSTechnologies to the next level of growth and development," Chair Tone Goh says.
"We have made significant further progress with our fintech plans since the announcement of the fundraising at the beginning of September. We are focused on both completing the recently announced acquisition of Angra and establishing a significant business from the stablecoin network and applications that we are developing from our collaboration with Wise MPay," Goh adds.
Current stock price: 1.64 pence, up 42% on Tuesday morning
Year-to-date change: up sharply from 0.14p
By Scarlett Butler; scarlettbutler@alliancenews.com
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Gstechnologies (GST)