The Hong Kong and China Gas Company Limited
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| The Hong Kong & China Gas Co Ltd. | |
 |
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| Type | public SEHK: 0003 |
|---|---|
| Founded | 1862 |
| Headquarters | Hong Kong, China |
| Key people | Lee Shau Kee, Chairman Alfred Chan, General Manager |
| Industry | Public utility |
| Products | Gas supply, Potable Water, Sewerage |
| Revenue | HKD 9,351m (2005) |
| Net income | HKD 5,281m |
| Employees | 1,901 |
| Website | http://www.towngas.com |
| 37.15% Associate of Henderson Land Development | |
The Hong Kong and China Gas Company Limited (Traditional Chinese: 香港中華煤氣有限公司), commonly known as Towngas, is the monopoly provider of towngas in Hong Kong. Founded in 1862, it is one of the oldest listed companies in the territory.
It is the leading public utility in Hong Kong, and supplies towngas to 85% Hong Kong households, and also to commercial and industrial customers. It has several joint ventures in gas supply on the Mainland, where it has also started to enter into the businesses of supply of drinking water and waste water disposal. It also engages in property development projects, namely International Finance Centre (15% share), Grand Promenade (50% share) and Grand Waterfront, in Hong Kong with its largest shareholder.
According to official documents, Henderson Land Development Co. Ltd is the company's largest shareholder, owning 37.15% of the share capital of the Company as at December 31, 2005. Henderson chairman Dr. Lee Shau Kee is also Chairman of the Company. Of the Company's 10 Directors, three others are also Directors/Vice-Chairmen of Henderson.
[edit] Miscellaneous
On 11 April 2006, an explosion caused by leaking Towngas killed 2 people and injured 8 others.[citation needed]
