SINO PROSPER TAKES COAL-GAS STAKE

Property developer Sino Prosper Holdings has taken a stake in a firm developing coal-gas technology. Sino Prosper said yesterday it had paid about two million yuan (about HK$1.87 million) for 29 per cent of Beijing Bluesky Technology. The firm said it was diversifying into the power business because of a recent downturn in China's property sector.