Stock Name: RenewableEne
Company Name: RENEWABLE ENERGY ASIA GRP LTD
Research House: Phillip Securities
Company Name: RENEWABLE ENERGY ASIA GRP LTD
Research House: Phillip Securities
Phillip Securities Research in a Jan 4 research report says: "REA announced that it has entered into a term sheet to dispose the fastening business for a total consideration of $7.6 million. The disposal would have minimal impact on the profits of REA Group as based on the latest financial results (HY11), the fastening business was marginally break even while the wind energy business contributed the bulk of the net profits of RMB11.7 million.
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