Beijing Capital considering sale of Singapore waste recycling unit

Sources say the state-owned Chinese firm is in talks with advisers about the potential divestment.

Beijing Capital Group is considering selling its waste management business, ECO Special Waste Management, in Singapore for as much as US$500m, according to people familiar with the matter.

The company is also exploring the sale of a New Zealand-based unit, Beijing Capital Waste Management NZ, Bloomberg News reported in August.

Beijing Capital could decide against selling the business, the sources added. A representative for Beijing Capital did not immediately respond to Bloomberg's requests for comment by phone and email.