KUALA LUMPUR: Redtone Digital Bhd
has emerged as a substantial shareholder in Heitech Padu Bhd upon acquiring a 6.38% stake for RM15.35mil or RM2.16 per share from the open market.
In a filing with Bursa Malaysia, Redtone noted the 7.1 million Heitech Padu shares were acquired from June 27 to Aug 23, funded with internally generated funds.
HeiTech is principally engaged in providing system integration, network-related services, data centre management, disaster recovery services and other information technology-related services primarily in Malaysia.
The company is embarking on being a full digital technology service provider that offers and serves end-to-end information technology solutions to customers.
In a separate filing, Redtone noted it has bought quoted securities at a cost of RM92.3mil which market value as of Aug 23 was worth RM101.7mil.
The aggregate gain arising from the disposals of quoted securities during the current financial year ending June 30, 2025, is about RM906,574, Redtone added.
