VSOLAR (0066) - Vsolar signs collaboration agreement with Japan’s Eastasia Group
April 21, 2015 : 6:07 PM MYT
KUALA LUMPUR (Apr 21): ACE-listed renewable energy player Vsolar Group Bhd announced that it has signed a collaboration agreement with Japan’s Eastasia Group Co Ltd to provide engineering, procurement and construction solutions to develop a commercial solar farms.
In a filing with Bursa Malaysia this evening, the loss-making Vsolar said the signing of the collaboration agreement is in line with its diversification plans by expanding into the renewable energy development business.
“Further update of the collaboration agreement or development for any establishment of a business relationship will be made to Bursa Malaysia in due course,” Vsolar said in a filing.
To recap, Vsolar (fundamental: 0.6; valuation: 0) made its foray into the solar renewable energy business on Jan 6, 2014. Its core business was previously as a provider of software solutions in the information technology segment.
The diversification to renewable energy has prompted it to change its name to the current name from Fast Track Solution Holdings Bhd.
The stock closed 1.43% higher at 35.5 sen today, with 9.19 million shares traded, valuing it at RM101.47 million.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
http://www.theedgemarkets.com
April 21, 2015 : 6:07 PM MYT
KUALA LUMPUR (Apr 21): ACE-listed renewable energy player Vsolar Group Bhd announced that it has signed a collaboration agreement with Japan’s Eastasia Group Co Ltd to provide engineering, procurement and construction solutions to develop a commercial solar farms.
In a filing with Bursa Malaysia this evening, the loss-making Vsolar said the signing of the collaboration agreement is in line with its diversification plans by expanding into the renewable energy development business.
“Further update of the collaboration agreement or development for any establishment of a business relationship will be made to Bursa Malaysia in due course,” Vsolar said in a filing.
To recap, Vsolar (fundamental: 0.6; valuation: 0) made its foray into the solar renewable energy business on Jan 6, 2014. Its core business was previously as a provider of software solutions in the information technology segment.
The diversification to renewable energy has prompted it to change its name to the current name from Fast Track Solution Holdings Bhd.
The stock closed 1.43% higher at 35.5 sen today, with 9.19 million shares traded, valuing it at RM101.47 million.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
http://www.theedgemarkets.com
