Wei acquires more shares in Redtone on open market

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KUALA LUMPUR (Oct 2): Datuk Wei Chuan Beng, managing director of ACE-Market listed Redtone International Bhd, has acquired 1.16 million shares in the broadband player from the open market today.

The purchases raised Wei’s holdings in Redtone to a direct interest of 25.34 million shares or a 4.93% stake, and indirect interest of 4 million shares or 0.77%.

Redtone dropped 0.5 sen to close at 78 sen today, giving it a market capitalisation of RM400.52 million.