Towngas China Explained

Towngas Smart Energy Company Limited
港華智慧能源有限公司
Type:Listed company
Traded As:HSEX:1083HK Hang Seng Index
Foundation:2000
Location City:Hong Kong
Location Country:China
Location:Quarry Bay
Key People:Chairman

Peter Lee Ka-kit, preceded by Mr. Alfred Chan

Area Served:Mainland China, Hong Kong
Industry:Natural gas
Products:Energy business, green power, digitalization in power systems
Revenue:HKD 12.83 billion
Revenue Year:2020
Parent:Hong Kong and China Gas
S:港华燃气有限公司
T:港華燃氣有限公司
P:Gǎnghuá Ránqì Yǒuxiàn Gōngsī
Order:st

Towngas Smart Energy Company Limited (HKEX:), formerly Towngas China Company Limited, formerly Panva Gas Holdings Limited, is a natural gas distribution and smart energy businesses in mainland China, Hong Kong, etc. It principally engaged in the sales and distribution of piped gas including the provision of piped gas, construction of Gas pipelines, the operation of city-gas pipeline networks, the operation of gas fuel automobile refilling station, and the sale of gas household appliance.

In 2006, Hong Kong and China Gas acquired 44% of shares of Panva Gas and became the largest shareholder of Panva Gas.[1] [2] In 2007, the company was renamed, becoming Towngas China Company Limited.[3]

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Notes and References

  1. http://www.towngaschina.com/tgchinadoc/TGChinaWeb/English/News/p061204.pdf Towngas Partners with Panva to Grow Piped Gas Businesses in Mainland China
  2. http://hk.ibtimes.com/articles/20061205/the-hong-kong-and-china-gas-company-limited-panva-gas-holdings-limited.htm Towngas to buy 45 percent stake of Panva
  3. http://www.towngas.com/sustainabilityRpt/eng/overview-supplier.html Business overview of Hong Kong and China Gas