Datang International’s flagship but troubled coal-into-chemicals project in Inner Mongolia lost it 2.81 billion yuan last year, and 4.6 billion yuan in 2014. Photo: Greg Baker, AFP

Datang Group takes control of subsidiary’s loss-making coal and chemical assets

After losing billions of yuan for years, heavily indebted industrial businesses bought for a token 1 yuan

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Datang International’s flagship but troubled coal-into-chemicals project in Inner Mongolia lost it 2.81 billion yuan last year, and 4.6 billion yuan in 2014. Photo: Greg Baker, AFP
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