SINGAPORE (Aug 29): C&G Environmental Protection Holdings (C&G) has agreed to dispose its main operating and wholly-owned subsidiary, C&G Environmental Protection (Thailand) Company (C&G Thai) as well as C&G Environmental Protection International (C&G International).

The net sale proceeds from the proposed disposals after deducting all the estimated costs and expenses is HK$814.5 million ($143 million).

Upon the completion of the sales, C&G Thai and C&G International will cease to be subsidiaries of C&G Environmental. C&G Environmental will also cease to have any business, subsidiaries or associated companies thereafter.

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