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May 23, 2015 1:56 AM ET

Gas Utilities

Company Overview of Towngas China Company Limited

Company Overview

Towngas China Company Limited, an investment holding company, sells and distributes piped gas in the People’s Republic of China. It is engaged in the provision of piped gas; construction of gas pipelines; operation of city gas pipeline network; operation of gas fuel automobile refilling stations; and sale of gas household appliances. It serves approximately 9.20 million customers. The company was formerly known as Panva Gas Holdings Limited and changed its name to Towngas China Company Limited in May 2007. The company was founded in 1998 and is headquartered in North Point, Hong Kong. Towngas China Company Limited is a subsidiary of The Hong Kong and China Gas Company Limited.

363 Java Road

23rd Floor

North Point,  

Hong Kong

Founded in 1998

21,112 Employees

Phone:

852 2963 3298

Fax:

852 2561 6618

Key Executives for Towngas China Company Limited

Chief Executive Officer and Executive Director
Age: 63
Total Annual Compensation: $5.0M
Company Secretary and Executive Director
Age: 58
Total Annual Compensation: $3.2M
Compensation as of Fiscal Year 2014.

Towngas China Company Limited Key Developments

Towngas China Company Limited Announces Resignation of Chow Vee Tsung, Oscar as an Independent Non-Executive Director, Member of the Audit Committee, Member of the Remuneration Committee and Member of the Nomination Committee of the Company with Effect from the Close of Office on 8 May 2015

The board of directors of Towngas China Company Limited announced that Mr. Chow Vee Tsung, Oscar has tendered his resignation as an independent non-executive director, a member of the audit committee, a member of the remuneration committee and a member of the nomination committee of the company with effect from the close of office on 8 May 2015 in order to devote more time on his personal engagements.

Towngas China Company Limited Presents at Macquarie Greater China Conference, May-04-2015

Towngas China Company Limited Presents at Macquarie Greater China Conference, May-04-2015 . Venue: Conrad Hong Kong Hotel, Hong Kong, Hong Kong. Speakers: John Ho, Chief Finacial Officer and Company Secretary, W K Lo, Head of Corporate Investment and Investor Relations.

Towngas China Company Limited Reports Audited Consolidated Cash Flow Results for the Year Ended December 31, 2014

Towngas China Company Limited reported audited consolidated cash flow results for the year ended December 31, 2014. For the year, the company reported net cash generated from operating activities of HKD 1,258.273 million compared to HKD 1,050.517 million a year ago. Purchase of property, plant and equipment was of HKD 1,997.984 million compared to HKD 1,682.107 million a year ago.

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