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.