Posted by yanxuan8 > 2014-09-17 19:34 | Report Abuse

Basically I don't really bother by downtrend or uptrend for this week. What I know it is in uptrend mode. Downtrend I will buy more, uptrend I just happy for it.

Posted by nltong > 2014-09-17 23:51 | Report Abuse

Volumn is decreasing when price down little bit.. Personally feel is a good sign cause current price is still above 20days moving average and at upper level of bullinger band.. I think Breakout may happen soon...

Posted by Hammer Leong Hammer > 2014-09-18 23:30 | Report Abuse

The Board of Directors of RIB wishes to announce that its indirect subsidiary, REDtone Telecommunications China Limited (“REDtone China”), had via its wholly owned subsidiary, Shanghai Huitong Telecommunications Co., Ltd. (“Shanghai Huitong”), subscribed for the equity interests in the following new subsidiaries incorporated in The People's Republic of China:
(i) subscription of 49.8% equity interest in Shanghai YuZhong Financial Information Service Co., Ltd. (“Shanghai YuZhong”) for shares subscription of RMB398,400 on 11 September 2014; and
(ii) subscription of 20% equity interest in Shanghai YuGuang Automobile Inspection Technology Co., Ltd (“Shanghai YuGuang”) for shares subscription of RMB200,000 on 11 September 2014;
(collectively referred to as “Investment”).
Shanghai YuZhong and Shanghai YuGuang will be consolidated as subsidiaries of RIB through Shanghai Huitong pursuant to MFRS 10: Consolidated Financial Statements.
Background information of Shanghai Huitong
Shanghai Huitong, a private limited company incorporated under the laws of the People's Republic of China (“PRC”) on 26 March 2007, is a wholly owned subsidiary of REDtone China. Shanghai Huitong is principally involved in the marketing and distribution of IP call and discounted call services.
Background information of Shanghai YuZhong
Shanghai YuZhong is a private limited company incorporated under the laws of the PRC on 16 July 2014, with a registered capital of RMB800,000. The principal activity of Shanghai YuZhong is provision of financial information, engaged in technology development in the field of information technology, technical services, technical consulting, technology transfer, investment management and investment advisory, (except brokers). The subsidiaries of Shanghai YuZhong are listed in Appendix I below.
None of the Directors and/or major shareholders of RIB or persons connected to them are related to Shanghai YuZhong.
Background information of Shanghai YuGuang
Shanghai YuGuang is a private limited company incorporated under the laws of the PRC on 17 July 2014, with a registered capital of RMB1,000,000. The principal activity of Shanghai YuGuang is provision of technology research and transfer, technical consulting and services, computer hardware and software development and sales of automotive testing equipment, (except computer information system security specific products) in the field of automotive.
None of the Directors and/or major shareholders of RIB or persons connected to them are related to Shanghai YuGuang.
Financial Effects
The Investment does not have any effect on RIB’s issued and paid-up share capital and substantial shareholders’ shareholdings.
The Investment is expected to contribute positively to the earnings and net assets of the RIB Group for the current financial year ending 31 May 2015. Moving forward, the potential profit contribution from the investment is epxected to enhance the future earnings of the Group.
Rationale
The Investment will allow the RIB Group to enter into a one-stop motor vehicle inspection business in Taizhou City, Jiangsu Province, PRC, and comes from the PRC government’s initiatives.
REDtone China with her management experience and know-how, marketing knowledge and ICT capabilities, will be able to contribute positively to the venture.
This venture will contribute to RIB Group’s long term revenue and profits, and enhance RIB’s growth potential via China’s subsidiaries. In addition, the long term stable income stream derived from the venture will provide diversification of RIB Group’s business in PRC.
Approvals Required

The Investment is not subject to the approval of the shareholders of the Company or any other relevant authorities in Malaysia except for the approval of the relevant authorities in the PRC.
Interest of Directors and/or Major Shareholders
None of the Directors and/or major shareholders or persons connected to them, have any interest, direct or indirect in the Investment.
This announcement is dated 18 September 2014.

Posted by layyf > 2014-09-19 12:25 | Report Abuse

is this a good news?

Posted by sid_slash > 2014-09-19 13:32 | Report Abuse

Very muted response from the market means the announcement means nothing great.

Posted by speakup > 2014-09-21 16:27 | Report Abuse

Nothing great! Wait for something great.

Posted by Ryukaino > 2014-09-22 19:19 | Report Abuse

Is this also vincent tan share holder

Posted by jenson68 > 2014-09-24 13:31 | Report Abuse

stay firm at 0.81 and uptrend now!

Posted by speakup > 2014-09-24 14:09 | Report Abuse

cumming soon.....

Posted by layyf > 2014-09-30 10:51 | Report Abuse

what happened to REDTONE?

Posted by sss986 > 2014-09-30 11:25 | Report Abuse

today drop alott

Posted by yanxuan8 > 2014-09-30 14:46 | Report Abuse

Today is 30th Sep., end of the month, somebody is doing the portfolio rebalancing, big buyer is waiting at 79.0 sen now, no worry. In fact it is good, can flush out some weak holders.

Posted by alone > 2014-09-30 17:00 | Report Abuse

hope can drop more

Posted by sid_slash > 2014-10-01 09:46 | Report Abuse

Mega drop due to a audit report.. Gone

Posted by bbsan > 2014-10-01 13:32 | Report Abuse

Opportunity to collect more stocks at lower price

Posted by sid_slash > 2014-10-01 15:09 | Report Abuse

Won't it drop further on doubt on the debts?

Posted by bursafreeman > 2014-10-01 20:06 | Report Abuse

The 2015 Budget is on 10th Oct. This counter has theme related to the 1,000 telco tower. Don't think it will goes down a lot due to this debts doubt.

Posted by sss986 > 2014-10-02 10:12 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/10/02/REDtone-Debt-recoverable-Auditors-had-raised-alarm-over-outstanding-RM156mil/?style=biz sharing purpose

Posted by sid_slash > 2014-10-02 11:03 | Report Abuse

From the report it doesn't sound good. Price also falling..

Posted by yanxuan8 > 2014-10-02 19:42 | Report Abuse

Hah ... this hiccup provides the MD to buy cheap actively, 960500 bought today.

Posted by yanxuan8 > 2014-10-03 19:42 | Report Abuse

MD bought again today.

Posted by yanxuan8 > 2014-10-03 19:45 | Report Abuse

Only managed to get 800 unit at 76.5 sen today, and paid RM28.00 for commission..... Not much selling pressure .

Posted by bursafreeman > 2014-10-07 19:42 | Report Abuse

2 more days and we will know if the telco towers will push this counter up :)

Posted by keshminder > 2014-10-09 17:13 | Report Abuse

cmon pop is coming

Posted by windrunner > 2014-10-10 15:19 | Report Abuse

GG

Posted by daz3no > 2014-10-12 18:05 | Report Abuse

wow...dato wei have bought 2.4M shares in 2 wks. something's coming?

Posted by ryan_och > 2014-10-13 10:45 | Report Abuse

i think they would get the telco tower

Posted by yanxuan8 > 2014-10-13 21:45 | Report Abuse

yes.... finally I got the amount of shares I want, price between 75.0 & 76.5 sen, not much, roughly only a quarter of Dato' Wei's purchases.... haha. Now waiting for good news to come!

Posted by bursafreeman > 2014-10-14 06:51 | Report Abuse

this counter stay strong amid the general market going down, guess must of waiting for some good news coming out.

Posted by pschee > 2014-10-15 00:10 | Report Abuse

Dato has faith in his company, he keep on buying

Posted by setia2u > 2014-10-18 13:57 | Report Abuse

I believe something big is coming but just because of current market sentiments, the announcement is hold back. The movement of the share price on last Friday is telling us something, the buyers Q was good (each bit few thousand) and at one time just before lunch, it was chased up to 79.5 sen. No announcement of Dato buying but only one director buying on Thursday. SO who was buying on Friday? Market players or someone collecting further?

Posted by setia2u > 2014-10-18 14:00 | Report Abuse

Ya..... 1Q results will be out soon by end of the month, expecting another good results.

Posted by setia2u > 2014-10-18 14:03 | Report Abuse

But please don't buy this counter if you just want to a small profit, but rather think big .... haha.

Posted by ahlek888 > 2014-10-19 15:57 | Report Abuse

think big or think long term? haha

Posted by yanxuan8 > 2014-10-19 18:27 | Report Abuse

Haha ... I am aiming for both, long term with big gain.

Posted by bursafreeman > 2014-10-20 23:38 | Report Abuse

some one could explain what is this free detachable warrant?
meaning new issue of warrant?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1770093

Posted by daz3no > 2014-10-21 16:53 | Report Abuse

yup....@bursafreeman that's right...

Posted by daz3no > 2014-10-21 16:56 | Report Abuse

looks like price steady now....rebound coming?

Posted by ahlek888 > 2014-10-22 10:38 | Report Abuse

free detachable warrants to us? or just a proposal? cause i saw the listing date is on 21st oct?

Posted by daz3no > 2014-10-22 15:37 | Report Abuse

it's not for retail investors.....directors or employee option i think :)

Posted by yanxuan8 > 2014-10-22 19:57 | Report Abuse

Don;t just think this and that ... read the announcement properly and also do the homework right!

Posted by layyf > 2014-10-23 14:04 | Report Abuse

something good coming during the quarterly reporting?

Posted by daz3no > 2014-10-24 02:31 | Report Abuse

hosey liao tomorrow....dow up 300pts......

Posted by ahlek888 > 2014-10-24 22:59 | Report Abuse

tml market not open le

Posted by daz3no > 2014-10-25 14:19 | Report Abuse

have to wait next wks liao....see sentiment improving then will chiong :)

Posted by sid_slash > 2014-10-29 13:19 | Report Abuse

Klse has rebounded solidly but tis stock is struggling badly. A sign of weakness ?

Posted by nerdyfred > 2014-10-30 21:48 | Report Abuse

http://www.theedgemarkets.com/my/article/redtone-1q-ups-21-declares-11-sen-dividend

Posted by kentg03 > 2014-11-04 16:13 | Report Abuse

y keep no power to up

Posted by sid_slash > 2014-11-07 10:01 | Report Abuse

Redtone demonstrating plenty of weakness ... Is it time to sell?

Posted by yanxuan8 > 2014-11-07 19:38 | Report Abuse

After reading the shareholders statistics in the new annual report, interesting to see that a new shareholder holding substantial % in mother share and warrant. it shows the confidence on future of this company.