Note 9 - Amount Due From/(to) Related Companies

9 Months Ended

Feb. 28, 2014

Notes

Note 9 - 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:

	February 28, 2014	May 31, 2013
Fellow subsidiary:
REDtone Technology Sdn. Bhd.	$3,333,576	$3,302,301

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 Year 2015.  

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

	February 28, 2014	May 31, 2013
Fellow subsidiary:
Redtone Telecommunications Sdn Bhd	$156,239	$116,318

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