REDtone to consolidate its China operations via share placement exercise latest!
KUCHING: Wireless telecommunications service provider REDtone International Bhd (REDtone) has announced the proposed divestiture of its China operation, REDtone Telecommunications (China) Ltd (REDtone China). In the group’s note to Bursa Malaysia yesterday, it stated that the proposal involved the disposal of its 58,501,000 ordinary shares in REDtone China to Hotgate Technology Inc (Hotgate) for …
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