RE: Semnet Figures23 Sep 2025 14:02
Funny how GST used the $36m figure more than once for Semnet.
Following the completion of the acquisition of 66.67% of the share capital of Semnet Pte Ltd ("Semnet"), a cybersecurity company based in Singapore, as announced by the Company on 29 February 2024, Semnet has been successfully integrated into the Group's operations. In addition to providing significantly enhanced cybersecurity support to the Group's operations, Semnet has been successful in winning additional third-party business, including a US$36 million revenue contract with Ypsilon Technology Pte. Ltd. Semnet is trading ahead of the GST Board's expectations and the business is achieving significant profitable growth.
And then repeated that their investment in Semnet would also be valued at....wait for it.....$36 million on it being listed on NASDAQ