Friday, January 21, 2011

RenewableEnergyAsia

RenewableEnergyAsia to sell Genstar Holdings, its fastening business for $4.5m. This was initially proposed on the 31 Dec 2010. While not a substantial amt, transaction frees up capital for development of wind farms and allows co to focus on core part of business. Co has recently turned a profit and has embarked on 2 wind farm JVs with China Datang.

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