STP&I to Dispose of 74% Stake in Data Center Unit

MT Newswires Live12:12

STP&I (SET:STPI) will divest its investment in ST Evolution, according to a Friday filing with the Thailand Exchange.

The steel fabrication company has a 100% stake in ST Evolution via Hong Kong-incorporated ST Clean Planet (Asia) and ST Data Center.

The transaction, expected to conclude during August, involves disposal of a 74% stake to a hyperscale data center service provider.

The steel fabrication company will sign a share purchase agreement which will cover its investments in ST Evolution and ST Clean Planet, following which both will cease to be the company's subsidiaries.

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