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REDtone International Bhd Announces Incorporation Of Subsidiary

Thursday, 31 Oct 2013 08:00pm EDT 

REDtone International Bhd announced that it has incorporated a new subsidiary by acquiring 70% equity interest comprising 7 ordinary shares of MYR1.00 each in REDtone Data Centre Sdn. Bhd. (RDCSB) for a cash consideration of MYR7.00 (Incorporation). RDCSB was registered on July 17, 2013 as a private company limited by shares in Malaysia under the Companies Act, 1965 with an authorised share capital of MYR400,000.00 divided into 400,000 ordinary shares of MYR1.00 each. As at to-date, the issued and paid-up share capital of RDCSB is MYR10.00 divided into 10 ordinary shares of MYR1.00 each. The principal activity of RDCSB will be to provide telecommunication services and to carry out research and development work on all types of technology based products. 

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