The Hong Kong And China Gas Company
References: 37.15% Associate of Henderson Land Development
The Hong Kong and China Gas Company Limited (Chinese: 香港中華煤氣有限公司), commonly known as Towngas, is the sole provider of towngas (from naphtha) 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 China, 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 (HLD) is the company's largest shareholder, owning 37.15% of the share capital of the company as at 31 December 2005. The shares are held through HLD's listed subsidiary, Henderson Investment. Lee Shau Kee, chairman of Henderson, is also the chairman of the company. Of the company's 10 directors, three others are also directors or vice-chairmen of Henderson.
Read more about The Hong Kong And China Gas Company: History, Usurpation By Ultimate Parent, Exploration Operations, Accidents
Famous quotes containing the words china, gas and/or company:
“Consider the China pride and stagnant self-complacency of mankind. This generation inclines a little to congratulate itself on being the last of an illustrious line; and in Boston and London and Paris and Rome, thinking of its long descent, it speaks of its progress in art and science and literature with satisfaction.... It is the good Adam contemplating his own virtue.”
—Henry David Thoreau (1817–1862)
“A new father quickly learns that his child invariably comes to the bathroom at precisely the times when he’s in there, as if he needed company. The only way for this father to be certain of bathroom privacy is to shave at the gas station.”
—Bill Cosby (20th century)
“Endeavor, as much as you can, to keep company with people above you.... Do not mistake, when I say company above you, and think that I mean with regard to their birth; that is the least consideration; but I mean with regard to their merit, and the light in which the world considers them.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)