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towngas china co ltd (1083) Snapshot

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towngas china co ltd (1083) Details

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.

21,112 Employees
Last Reported Date: 04/17/15
Founded in 1998

towngas china co ltd (1083) Top Compensated Officers

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

towngas china co ltd (1083) Key Developments

Towngas China Company Limited Appoints Kee Wai Ngai, Martin as Executive Director

Towngas China Company Limited has appointed Kee Wai Ngai, Martin as Executive Director. The effective date is May 29, 2015.

Towngas China Company Limited Announces Re-Designation of Kwan Yuk Choi, James as Independent Non-Executive Director

The board of directors of Towngas China Company Limited announces that Mr. Kwan Yuk Choi, James, previously a non-executive director of the company, has been re-designated as an independent non-executive director and appointed as a member of each of the Audit Committee, Remuneration Committee and Nomination Committee of the company with effect from the conclusion of its annual general meeting on 29 May 2015. Mr. Kwan was appointed as an executive director of the company in 2007 and was re-designated as a non-executive director of the company with effect from 1 February 2013.

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.


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1083 Competitors

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Company Last Change
China Gas Holdings Ltd $12.08 HKD -0.20
Chinese People Holdings Co Ltd $0.14 HKD 0.00
ENN Energy Holdings Ltd $46.65 HKD -0.40
Husky Energy Inc C$23.52 CAD +0.95
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Valuation 1083 Industry Range
Price/Earnings 17.0x
Price/Sales 2.3x
Price/Book 1.4x
Price/Cash Flow 12.5x
TEV/Sales 1.0x

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