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Redtone raises stake in Salcon to 2.84% with open market purchase

The Star·03/28/2025 11:51:00
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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.