RE: TDTH12 Jun 2025 20:28
From The Annual Report Dec24;
Semnet was only consolidated into the Group on 1 March 2024, a month before the year end, but is trading ahead of
the GST Board’s expectations at the time of the acquisition and the business is achieving significant profitable growth....
With the disposal of the unprofitable subsidiary EMS, the continuing subsidiaries will be Angra Ltd, GS Fintech subsidiaries and acquisition of Semnet Pte Ltd, which are expected to contribute profit to the Group....
Completion of the acquisition of Semnet Pte Ltd (“Semnet”), a cybersecurity company based in Singapore, in 29
February 2024. Prior to the acquisition’s completion, a US$36 million contract was secured for the sale of highperformance application servers and solutions specifically designed for artificial intelligence (AI). These solutions
feature the cutting-edge NVIDIA HGX H800 8-GPUs.....