The Hong Kong and China Gas Company

On the market

Hong Kong Parkview - Tower 09

Wednesday, 27 June, 2012, 12:00am

Stocks a better bet than homes, says Lee

Henderson Land Development chairman Lee Shau-kee says investing in stocks in Hong Kong is more profitable than investing in property.

6 Jun 2012 - 12:00am

Towngas' 'mainland revenue to overtake HK'

Hong Kong and China Gas, commonly known as Towngas, says its mainland gas and clean-energy businesses are growing so fast that their combined profits will overtake that of its core gas operations on its Hong Kong home turf next year.

24 Aug 2011 - 12:00am

Towngas set to issue more dim sum bonds

Utility Hong Kong and China Gas, with its 'Towngas' trademark, is keen on issuing more yuan bonds as it taps cost-effective funding for its planned HK$10 billion investment across the border in the next three years, a top official says.

4 Jun 2011 - 12:00am

Succession planning is key to global growth

The Generation X and Y workforce is making companies review and redefine their leadership training and succession planning programmes.

The Hong Kong and China Gas Company (Towngas) is one of many corporations revamping its succession planning system. And, as a company with a 146-year history, this is no easy task.

12 Apr 2008 - 12:00am

Henderson Land takes long-term view for mainland strategy

When Henderson Land Development decided to redirect its focus on the mainland property market less than two years ago, it was taking a somewhat long-term view.

Hong Kong's third-largest developer by market value immediately went on a buying spree, doubling its developable land bank to a gross floor area of 116.3 million square feet in that market by the end of last year.

31 Mar 2008 - 12:00am

Henderson Investment draws buying interest

Henderson Investment, a unit of Henderson Land Development, said a joint-venture partner was interested in acquiring some of its assets after its share price jumped 104.49 per cent to close at 91 HK cents yesterday.

27 Mar 2008 - 12:00am

Towngas posts 58pc increase in net profit

Property gains unlikely to be repeated this year

Hong Kong and China Gas (Towngas) reported a 58 per cent jump in net income for last year, largely from one-time gains, a windfall the company says is unlikely to be repeated this year.

Towngas said profit before non-recurring gains grew a scant 3.2 per cent but still hit a record HK$3.2 billion.

27 Mar 2008 - 12:00am

In Brief

Manulife offers buy-back plan for small shareholders

12 Feb 2008 - 12:00am

US energy firm buys into two mainland utilities

A Houston-based energy firm has bought controlling stakes in two piped-gas utilities on the mainland in rare investments expected to fuel competition in the fragmented but massive sector traditionally dominated by Hong Kong investors.

2 Feb 2008 - 12:00am

Gas apprentices fit the bill

Scheme prepares young people for a career in gas services provision in Hong Kong

Three outstanding apprentices from a gas services training programme were awarded prizes in recognition for their brilliant performance.

26 Nov 2007 - 12:00am

Chamber fears second best for second board

When former stock exchange chairman Charles Lee Yeh-kwong and others tried to bring mainland stocks to the Hong Kong bourse in the early 1990s, a proposal was made to set up a second board for such companies, allowing them to comply with only about half of the international accounting rules.

6 Nov 2007 - 12:00am

Henderson Land to take over 39pc Towngas stake

Henderson Land Development is in the process of buying a 39 per cent stake in Hong Kong and China Gas (Towngas), valued at more than HK$42 billion, from subsidiary Henderson Investment.

The city's fourth-largest developer by market value will settle the deal as part of the group's streamlining exercise by issuing notes that can be converted into Henderson Land shares.

3 Oct 2007 - 12:00am

Flood of cash sweeps Hang Seng to new high on record turnover

Hong Kong stocks surged through 26,000 points for the first time yesterday as turnover hit a record high - and analysts say the market can go higher still.

The Hang Seng Index rose 2.7 per cent, or 708 points, to 26,552. Turnover was HK$140 billion, surpassing the previous record of HK$138.7 billion. Mainland markets also rose.

25 Sep 2007 - 12:00am

Lai See

Sharing the wealth, but keeping it in the family

They were called 'cousin' by Hong Kong people in the 1980s. You could tell from the way they dressed, and the not-so-perfect Cantonese (in fact, many liked to joke about their accents), and they often asked how much you made for living, and they wanted your money.

28 Aug 2007 - 12:00am