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  • July 28, 2014
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  1. Business - China Business - UTILITIES

    Towngas readies HK$10b for mainland China projects

    Posted Jun 06th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Towngas readies HK$10b for mainland projects Hong Kong and China Gas (Towngas) plans to plough HK$10 billion into its mainland energy and utilities businesses ... 's mainland gas sales grew 15 per cent to 11.9 billion cubic metres. It had 107 mainland city-gas projects at the end of last year, of which 73 were held by listed subsidiary Towngas China ...

  2. Business - Companies - ENERGY

    Towngas to spin-off business 'when time is ripe': CEO Peter Wong

    Posted Oct 21st 2013, 03:56am by Anita Lam

    ... to spin off HK supply business Hong Kong and China Gas, known as Towngas, will spin off its Hong Kong gas-distribution business into a separately listed company when the time is ripe, according ... to start a major project in Shanghai someday we might consider [a spin-off]." Hong Kong and China Gas, through Hong Kong-listed Towngas, has 166 projects on the mainland. The Hong Kong gas ...

  3. Business - Companies

    Towngas profit declines 12pc in absence of one time gain

    Posted Aug 21st 2013, 05:14pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Hong Kong and China Gas (Towngas), the sole piped-gas distributor in Hong Kong, posted a 12 per cent decline in interim profit due to an absence of a one-time ... per cent rise in gas sales volume on the mainland. Hong Kong gas sales fell 2.8 per cent due to lower average temperature in the first-half. Towngas booked a one-time HK$600 million gain ...

  4. Business - Companies - ENERGY

    Towngas to spend up to HK$2b on new projects

    Posted Jun 04th 2013, 12:00am by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Towngas to spend up to HK$2b on new projects Towngas China, the mainland city-gas division of Hong Kong and China Gas (Towngas), plans to spend HK$1.5 billion ... including two in Shandong, one in Anhui and one in Sichuan province. It had 84 projects as of the end of April. The company's chairman, Alfred Chan Wing-kin, said after the Towngas annual ...

  5. Towngas to inject six projects into its associate

    Posted Mar 18th 2010, 12:00am by Denise Tsang

    ... Denise Tsang Hong Kong and China Gas (Towngas) will inject six piped-gas projects into associate Towngas China in a HK$1.72 billion asset reorganisation. In the deal, which surprised many ... subsidiary, as the parent's shareholding jumps to 56.41 per cent. Shares of Towngas China climbed 2.24 per cent to HK$3.65 yesterday, edging higher than the proposed share sale price of HK$3.55. ...

  6. Comment - Insight & Opinion

    How they see it

    Posted Jun 16th 2013, 12:00am by The Guardian, CHINA DAILY, WASHINGTON POST

    ... statutes Congress has passed. … If there is a scandal, it is that a government contractor of Snowden's stature had access to highly classified material. Washington   3. China Daily While US ...

  7. Comment - Insight & Opinion

    How they see it

    Posted Mar 17th 2013, 12:00am by CHINA DAILY, GUARDIAN, Gulf News

    ... Xi Jinping's formal election as president 1. China Daily Hopes are running high for the coming decade, as Xi Jinping has made a stir with his refreshing no-nonsense style … His ... for people to swim in five years from now. (Beijing)   2. The Guardian It has been a long time since China has had a presentable first lady. But marriage to the folk singer Peng Liyuan has imbued ...

  8. News - China

    China slams US-Japan treaty on Diaoyus

    Posted Dec 03rd 2012, 06:03pm by Agence France-Presse in Beijing China

    ... Agence France-Presse in Beijing China China on Monday branded a US-Japan security treaty “a product of the cold war” after Washington reaffirmed its commitment to Japan in its territorial dispute with China over the Senkaku Islands, known in Chinese as the Diaoyus. The amendment, attached to the National Defence Authorisation Bill, noted that while the United States “takes ...

  9. Towngas China eyeing seven mainland projects

    Posted Jun 05th 2012, 12:00am

    ... Denise Tsang denise.tsang@scmp.com Hong Kong and China Gas, commonly known as Towngas, says its mainland piped gas unit is this year targeting as many as seven projects on the mainland worth HK$1 billion in an effort to win a larger slice of the green energy market across the border. Managing director Alfred Chan Wing-kin (pictured) of Towngas China said yesterday that three ...

  10. Towngas China plans expansion

    Posted May 24th 2007, 12:00am by Denise Tsang

    ... Denise Tsang Towngas China, formerly Panva Gas Holdings, plans to add four gas projects to its 51-strong portfolio this year in a bid to gain a bigger slice of the country's booming energy market, according to its chairman. Alfred Chan Wing-kin said the gas supplier, in which Hong Kong and China Gas (Towngas) bought a 45 per cent stake in February, was in investment talks ...




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