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Datang Environment Industry to Sell Assets at Thermal Power Plant

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Datang Environment Industry (HKG:1272) agreed to sell a number of loss-making assets at the Datang Yan'an thermal power plant for 57.8 million yuan, according to a Hong Kong bourse filing Friday.

The company is selling all the assets under the water management center of the Yan'an thermal power plant to the holding company of the facility. These include nine buildings plus building structures, machinery equipment, and electronics.

Proceeds from the sale will be used for general working capital, the firm said.

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