Datang International Power Generation (0991.HKG, 601991.SHA) on Tuesday said it would sell part or all of its loss-making coal-to-chemicals and coal-to-natural-gas operations, South China Morning Post reported. Datang International, a listed unit of state-run power generator Datang Power Group, said the disposal was being undertaken “to conform with the request to adjust the economic structure of the state in recent years.” While the final price it gets for disposing of the assets to state-owned China Reform Corp. will depend on their valuation and negotiations, the deal will lighten Datang’s debt load and improve its profitability, said analysts. China Reform was set up by Beijing in 2010 to aid state firms’ asset restructuring.
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