Renewable Energy

Renewable Energy Asia: has not received the outstanding subscription consideration of $4.1m for the remaining proposed issue of 82.6m new placement shares by the agreed deadline of 30 Sep 2013. The co is considering its next course of action. The subscriber, Grand Sea International likely isn’t inclined to add to its previous 25.4m Renewable Energy share subscription at 5¢ a piece, given that the counter last closed at a lower 4.2¢.