Beijing Capital mulling over $500m sale of its waste recycling unit in Singapore

Thu, 2021-11-25 19:59

LONDON: Beijing Capital Group Co. is studying the sale of its waste management business in Singapore for $500 million, sources told Bloomberg.

BCG is in talks with advisers about working on the possible liquidation of ECO Special Waste Management Pte, the sources said.

The Chinese state-owned company may decide not to sell the business, the sources added.

A representative of Beijing Capital didn’t immediately respond to requests for comment, Bloomberg reported.

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