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Common Stock
3 Months Ended
Feb. 29, 2012
Common Stock [Abstract]  
Common Stock

NOTE 15 – COMMON STOCK

 

As of the balance sheet dates, the Company has a total of 300,000,000 shares of common shares authorized at US$0.0001 par value. As of the balance sheet dates, 282,315,325 shares were issued and outstanding, respectively

 

The weighted average number of shares for the nine months ended February 29, 2012 is 282,315,325 shares.

 

The calculation of weighted average number of shares for the nine months ended February 28, 2011 is illustrated as follows:

 

 

Number

of shares

 

Weighted average number of shares

Nine months ended February 28, 2011

At June 1, 2010

269,168,128

 

269,168,128

Issuance of shares on October 25, 2010 to satisfied debts to Redtone International Berhad

13,147,197

 

6,116,095

At February 28, 2011

282,315,325

 

275,284,223