PETALING JAYA: Redtone Digital Bhd
and its subsidiaries have acquired 15.26 million shares or 1.47% stake in Salcon Bhd from the open market.
In a filing with Bursa Malaysia, Redtone noted the shares were acquired for RM5.26mil or at an average price of 34 sen a share.
Following the share purchase, Redtone stake in Salcon has risen to 29.39 million shares or 2.84% interest.
Salcon is principally engaged in water treatment and supply as well as transportation services,
property development and technology services while Redtone is a one-stop telecommunication, infrastructure and digital solutions provider.
