REDtone Digital Buys MYR14 Million Equity in Theta Edge

Telecommunications services provider REDtone Digital (KLSE:REDTONE) acquired 7.12% equity interest in Theta Edge (KLSE:THETA) for 13.9 million ringgit, according to a Friday Malaysian bourse filing.

MT NewswiresJul 15 06:22 ET

MY Morning Wrap | Nestcon Aims to Raise RM27.27 Million via Private Placement

Stocks to watch: Nestcon, Johor Plantations, Toyo Ventures.

Moomoo News MYJul 14 20:34 ET

Toyo Ventures, Theta Edge, KNM, REDtone, Johor Plantations, Kimlun, JAKS Resources, Uzma, Radiant Globaltech, Tafi Industries, Minetech, Nestcon, EVD

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

The Edge MarketsJul 12 11:24 ET

Theta Edge Now Says RM673.8 Mil 'Investment' for New IoT Project Is Actually Opex

Theta Edge Bhd (KL:THETA) is now saying that the RM673.8 million it planned to invest for an Internet of Things (IoT) technology development project for the Ampang Jaya Municipal Council (MPAJ) is actually the operating expenditure (opex) that is required for the project over a 20-year concession period.

The Edge MarketsJul 12 10:17 ET

REDtone Now Fourth-largest Shareholder in Theta Edge After Raising Stake to 7.12%

REDtone Digital Bhd (KL:REDTONE) has acquired a total of 8.4 million shares, representing a 7.12% stake in Theta Edge Bhd (KL:THETA), from the open market for about RM13.93 million cash. This makes REDtone the fourth-largest shareholder in Theta Edge, after Lembaga Tabung Haji which holds a 27.28% stake, Threadstone Capital Sdn Bhd (13.56% stake) and Inter Pacific (9.4%).

The Edge MarketsJul 12 09:46 ET

Theta Edge Clarifies IoT Job Secured From Ampang Jaya Will Require RM674m Investment Cost

Theta Edge Bhd (KL:THETA) has clarified that the project it secured from the Ampang Jaya Municipal Council (MPAJ) will involve an investment cost of RM673.8 million in operating expenditure for Internet of Things (IoT) technology.

The Edge MarketsJul 11 05:27 ET