Posted by YangBerhormat > 2015-03-27 14:25 | Report Abuse

Suspended for announcement: Vincent mau cukur misai!

Posted by etking > 2015-03-27 14:26 | Report Abuse

my second guess:
Merging Umobile or selling umobile to Redtone :D

Posted by cyphua > 2015-03-27 14:28 | Report Abuse

No matter how the result is, thank everyone give advice and opinion, I am happy this forun have different sound, and the final decision is own risk.

Posted by calvintaneng > 2015-03-27 14:28 | Report Abuse

WAH!

No 3. Buy Manchester United or Liverpool?

His Royal Highness The Sultan of Johor is in REDTONE. Is he interested in football. He is interested in Polo. And I heard he has over 200 or 400 horses.

No.4. Privatization? At what price?

No 5. Merging REDTONE With U MOBILE? Quite possible. Then watch out! Digi, Celcom & Maxis!

Posted by jonatlau79 > 2015-03-27 14:28 | Report Abuse

etking, Umobile want to sell, but how to force REDTONE to buy ??? Unless .... Merger It FIRST ...haha...

Posted by VinTan > 2015-03-27 14:29 | Report Abuse

Yes, tt101 , businessmen engage accountant
VT sure knows what to do with regard the GST, many accountant work for him

Posted by etking > 2015-03-27 14:35 | Report Abuse

jonatlau, BJCorp as major shareholder of Redtone can plan acquisition on umobile with other's big shareholder agree. Small potato like me cannot sound anything lor :(

Posted by hamsubchai > 2015-03-27 14:37 | Report Abuse

BJCorp suspended... huat lah... ha ha ha huii!! huii!! huii!!

Posted by hamsubchai > 2015-03-27 14:37 | Report Abuse

Calvintaneng & Hamsubchai always huat together ha ha ha huii!!! huii!!! huii!!!

Posted by YangBerhormat > 2015-03-27 14:45 | Report Abuse

you both hamsup / hum7?

Posted by MichaelW > 2015-03-27 14:46 | Report Abuse

Two out of my three counters are suspended today. Let's see what happens later this afternoon.

Posted by show > 2015-03-27 14:53 | Report Abuse

from share price, most likely BJCORP will be announcing a loss. Normally insiders and big players have info way ahead of small players. Normally they will announce some positive news to reduce impact of loss announcement. It all depends now, how positive this news will be.

Posted by lmseng > 2015-03-27 15:00 | Report Abuse

For Redtone
1) Takeover U-Mobile + raise capital for the acquisition?
2) Apply for tfr to the mainboard?
3) U-Mobile acquire Redtone?

Posted by legend > 2015-03-27 15:00 | Report Abuse

lalalala...Lets get ready to Rumble...

Posted by lmseng > 2015-03-27 15:02 | Report Abuse

(1) & (2) are more likely

Posted by lmseng > 2015-03-27 15:04 | Report Abuse

So looks like Bj Corp is selling U-Mobile with another huge gain!

Posted by lmseng > 2015-03-27 15:05 | Report Abuse

And adding another listed company under its wings

Posted by speakup > 2015-03-27 15:05 | Report Abuse

lmseng, if transfer to main board, wont need involve Bjcorp. So #2 is out

Posted by speakup > 2015-03-27 15:09 | Report Abuse

u-mobile is under VT directly and not under Bjcorp, right? if so, nothing to do with Umobile.

Posted by lmseng > 2015-03-27 15:11 | Report Abuse

speakup, you are right. Sorry for that. Just want to highlight that transfering to mainboard has been Redtone's aim for a few years.

Posted by ignissimia > 2015-03-27 15:12 | Report Abuse

New Rights issue to raise capital !

Joking only, lah

Posted by Eric Lim > 2015-03-27 15:18 | Report Abuse

BJcorp to acquire U Mobile from VT and inject into Redtone, Redtone rename to U Mobile and transfer to mainboard, raising fund for expansion,

Posted by speakup > 2015-03-27 15:23 | Report Abuse

redtone revenue is tiny compared to u-mobile. if do that, might as well shut down redtone already.

Posted by Eric Lim > 2015-03-27 15:37 | Report Abuse

What time the annoucement will be made?

Posted by mastermarcus > 2015-03-27 15:45 | Report Abuse

any updating news?

Posted by albukhary > 2015-03-27 15:46 | Report Abuse

Datuk emerged as a substantial shareholder of BJCORP

Posted by ignissimia > 2015-03-27 15:49 | Report Abuse

More likely to be BJCorp making an offer to buy all the shares still being held by the previous key owners. Later there will be more corporate exercises involving U-Mobile, possibly a merger. May even involve buying a significant portion of MOL Global being so cheap now from investors who want out.

Posted by ignissimia > 2015-03-27 15:50 | Report Abuse

Sori,

More likely to be BJCorp making an offer to buy all the shares still being held by the previous key owners of Redtone.

Posted by Eric Lim > 2015-03-27 15:51 | Report Abuse

STRIKING OFF OF DORMANT SUBSIDIARY means closing down it's subsidiary due to no activities and will be deleted from Registrar of Companies.

Posted by ignissimia > 2015-03-27 15:55 | Report Abuse

Why speculate? What's the point? In a few days' time, we shall know exactly what are going to happen.

Posted by hng33 > 2015-03-27 16:10 | Report Abuse

Bjcorp (29%) + Sultan of Johor (20%) could jointly selective to take over Redtone, but it will remain listed and seek to transfer into main board, later.

Posted by calvintaneng > 2015-03-27 16:17 | Report Abuse

Hi guys,

I am sipping Starbucks coffee while waiting

Posted by Lyncole Chatte > 2015-03-27 16:21 | Report Abuse

Thank you, Eric Lim for explaining.

Posted by calvintaneng > 2015-03-27 16:22 | Report Abuse

Honey vanilla macchiato. Should try this latest in Starbucks. Very rich in flavour. A doughnut along with it will be heavenly.

Posted by cyphua > 2015-03-27 16:22 | Report Abuse

What is "subparagraph 3.1(b) of Practice Note No. 2"

Posted by ignissimia > 2015-03-27 16:22 | Report Abuse

Not that exciting if it is regarding Redtone only

Posted by calvintaneng > 2015-03-27 16:24 | Report Abuse

Honey vanilla macchiato. Should try this latest in Starbucks. Very rich in flavour. A doughnut along with it will be heavenly.

Posted by paperplane > 2015-03-27 16:26 | Report Abuse

Wow merger coming! Redtone , bjcorp

Posted by cyphua > 2015-03-27 16:26 | Report Abuse

3.1 (b) the listed issuer intends to -
(i) make a material announcement, including one that falls within paragraph 3.2
below (“Very Material Announcement”); or
(ii) hold a press conference to make a Very Material Announcement,
before the close of trading; or
(c) any other reason which, in the opinion of the Exchange, justifies a suspension.

3.2 Without limiting the above, an announcement relating to any of the following matters will be
regarded as a Very Material Announcement:
(a) an interim financial report;
(b) a bonus issue or fund raising exercise;
(c) a transaction as defined under paragraph 10.02(l) of the Listing Requirements, where
the percentage ratio calculated in accordance with Chapter 10 of the Listing
Requirements is 25% or more;
(d) a notice of take-over being served on a listed issuer which the public has no prior
knowledge of; or
(e) any other corporate exercise.

Posted by paperplane > 2015-03-27 16:27 | Report Abuse

Bjcorp going to shuuuuuuut up to rm1 all the way

Posted by cyphua > 2015-03-27 16:31 | Report Abuse

"The Company has on 27 March 2015 requested for a suspension of trading of its securities from 2.30 pm to 5.00 pm on Friday, 27 March 2015 pending a corporate exercise announcement."

Posted by Eric Lim > 2015-03-27 16:31 | Report Abuse

Huat la

Posted by ignissimia > 2015-03-27 16:32 | Report Abuse

3.1 The Exchange may approve a listed issuer’s request for suspension where -
(a) the listed issuer requires time to prepare and release an announcement relating to a
material transaction, such as -
(i) a very substantial transaction as defined in Chapter 10 of the Listing
Requirements;
(ii) a significant change in the business direction or policy of a listed corporation;
or
Practice Note 2
Requests for Suspension
As at 3 August 2009 Page 2
MAIN MARKET
(iii) any other corporate exercise which the Exchange considers to be material;
(b) the listed issuer intends to -
(i) make a material announcement, including one that falls within paragraph 3.2
below (“Very Material Announcement”); or
(ii) hold a press conference to make a Very Material Announcement,
before the close of trading; or

Posted by calvintaneng > 2015-03-27 16:35 | Report Abuse

Whoa!

Lots of school children drinking Starbucks coffee!

At Rm15 bucks a cup Bj Food is really raking it in!

A Real Star For Earnings Lots of Bucks

STARBUCKS!

Posted by cyphua > 2015-03-27 16:44 | Report Abuse

Near to 5.00pm already, Monday want to sell or keep, please give advice this weekend.

Posted by SumuaOK > 2015-03-27 16:45 | Report Abuse

See nothing and hear nothing. Sideway movement , unchange!!

Posted by GreenTrade > 2015-03-27 16:50 | Report Abuse

Suspension of trading. Hehehe :D :D :D

Posted by hng33 > 2015-03-27 16:53 | Report Abuse

What’s brewing at REDtone?

KUALA LUMPUR (Mar 27): REDtone International Bhd ( Financial Dashboard)’s announcement of its suspension from 2pm to 5pm today caps off two weeks of developments at the integrated telecommunications services provider, signalling a major corporate exercise.

“REDtone has given notice on its intention to undertake a major corporate exercise involving REDtone and it intends to release the material announcement on the said exercise by Mar 27, 2015,” REDtone said in today’s Bursa Malaysia filing.

Industry observers think there could be a possibility of a takeover, given that the Sultan of Johor and Tan Sri Vincent Tan both hold a substantial chunk of equity in REDtone (fundamental: 2.3; valuation: 0.3).

Two separate off market transactions today add to the speculation.

No details are available on Bursa Malaysia about the transactions yet but REDtone’s substantial shareholder Berjaya Corp Bhd (BCorp) ( Financial Dashboard) could have raised its interest in the group.

The two deals totalling 70.09 million shares or a 10.53% interest changed hands at 80 sen per share, for a combined RM56.08 million.

The block could have potentially been sold by Syed Ali's Tema Juara, which incidentally held the same amount as at March 16.

BCorp (fundamental: 0.35; valuation: 1.2) was also suspended today.

In an email reply to The Edge Financial Daily earlier today, REDtone group chief executive officer Lau Bik Soon did not comment on possible corporate exercises, but said the emergence of the Sultan of Johor was a case of good timing.

“Our three key business pillars — telecommunications services, managed telecommunications network services and managed value — added services — are on a strong growth track. Backed by our core competencies, we are optimistic of maintaining the profit trend that we have been seeing over the last three consecutive years since FY12,” he said.

In another email reply, BCorp, the group’s other major shareholder, declined to comment on whether they had a corporate exercise planned for REDtone.

In an note last week, Kenanga Research analyst Cheow Ming Liang said the emergence of the Sultan would further enhance REDtone’s profile and edge in project bidding moving forward, especially from companies controlled by the Johor state’s government and/or other government related projects.

To recap, on Mar 16, REDtone announced Sultan Ibrahim of Johor had emerged as the single largest shareholder in the group, with a direct 20.13% stake, following conversion of his warrants and irredeemable convertible unsecured loan stocks (ICULS) to ordinary shares, and the purchase of shares from the market.

Sultan Ibrahim had acquired 74.6 million shares in the company via a married deal. Prior to the warrants and ICULS conversion, he held a 4.8% stake in RIB.

The 74.6 million shares had been disposed by the group’s chairman Datuk Seri Syed Ali’s vehicle Tema Juara Sdn Bhd. Syed Ali is now left with another 10.53% indirect interest in REDtone.

The next day, BCorp increased its stake to 28.29%, after its wholly-owned subsidiary Juara Sejati Sdn Bhd (JSBB) bought six million shares in REDtone on Mar 12, 2015.

Correspondingly, Tan now has an increased 29.95% equity interest in REDtone by virtue of his interest in BCorp.

REDtone shares were last traded at 83 sen today, with some 289,200 shares traded, while BCorp shares were last traded at 44 sen with some 5.1 million shares done.

Posted by cfoong > 2015-03-27 16:54 | Report Abuse

死咯, 走不到添@!! Kikikikikikiki

Posted by hng33 > 2015-03-27 17:02 | Report Abuse

Berjaya Corp raising stake in REDtone? (Update)

Friday, 27 March 2015

By: JOSEPH CHIN

KUALA LUMPUR: Berjaya Corporation Bhd, which owns 28.29% of REDtone International Bhd is believed to be undertaking a major corporate exercise involving the latter.

It is believed BCorp could have bought 10.53% or 70.09 million shares in REDtone at 80 sen each which were crossed at midday.

The block could have come from Tema Juara Sdn Bhd which is deemed interest in 10.53% or 70.09 million shares of REDtone. It sold 74.608 million shares on March 16.

At midday, REDtone said a major shareholder had given notice of its intention to undertake a major corporate exercise involving REDtone.

Both companies sought for voluntarily suspension in the afternoon session on Friday.

BCorp’s stake in REDtone is 188.25 million shares and this could raise its stake to 38.82% if it had purchased the block from Tema Juara.

REDtone was unchanged at 83 sen at the pre-suspension.