Amount Due From/(to) Related Companies

12 Months Ended

May 31, 2012

Amount Due From/(to) Related Companies:

Amount Due From/(to) Related Companies

NOTE 9 – AMOUNT DUE FROM/(TO) RELATED COMPANIES

Redtone Technology Sdn. Bhd. was previously the holding company of Redtone Telecommunications (China) Ltd.  Pursuant to the reversed take-over by Redtone Asia, Inc., Redtone Technology Sdn. Bhd. is now the related company of Redtone Asia, both of which are subsidiaries of penultimate holding company namely Redtone International Berhad.

Amount due from a related company as of the balance sheet dates were summarized as follows:

	2012		2011
Fellow subsidiary:
REDtone Technology Sdn. Bhd.	$	3,261,155	$	1,182,200

The amount represents advances to the related company. As of the balance sheet dates, the amount is unsecured, non-interest bearing and is expected to be repaid within three to five years.  

 Amount due to a related company as of the balance sheet dates were summarized as follows:

	2012		2011
Fellow subsidiary:
Redtone Telecommunications Sdn Bhd	$	77,128	$	101,818

The amount due to the related company is unsecured, non-interest bearing and has no fixed repayment date.