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Note 11 - Amount Due From/(to) Related Parties
12 Months Ended
May. 31, 2015
Notes  
Note 11 - Amount Due From/(to) Related Parties

NOTE 11 – AMOUNT DUE FROM/(TO) RELATED PARTIES

 

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

 

 

2015

2014

Fellow subsidiary:

 

 

REDtone Technology Sdn. Bhd.

$3,289,447

$3,272,950

 

The amount represents advances to the related company. As of the balance sheet dates, the amount is unsecured, non-interest bearing and is no fixed term of repayment.  

 

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

 

 

2015

2014

Fellow subsidiary:

 

 

REDtone Telecommunications Sdn Bhd

$160,420

$148,791

Non-controlling interests

1,873,432

-

 

 

 

 

2,033,852

148,791

 

The amounts due to the related parties are unsecured, non-interest bearing and has no fixed repayment date.