(Stock Code: 1083.HK) is a company listed on Main Board of the Stock Exchange of Hong Kong Limited, with The Hong Kong and China Gas Company Limited ("Towngas") (Stock Code: 0003.HK) being its main shareholder. Towngas China is an investment platform within the Towngas Group focusing on piped city-gas projects in the mainland China.
Towngas China is a leading supplier of quality piped-gas in China and has been investing in the country's gas industry since 1998. Based on its high-growth business model and competitive advantages, Towngas China has cumulatively invested over HK$5 billion, and founded more than 70 piped city-gas projects in 15 provinces/autonomous regions/municipality including Anhui, Fujian, Guangdong, Guangxi, Hebei, Heilongjiang, Hunan, Jiangsu, Jiangxi, Jilin, Liaoning, Shandong, Sichuan, Zhejiang and Chongqing city, serving more than five million households, with sales in excess of 950 million MJ of piped-gas per annum. Towngas China has developed a comprehensive business network, which offers all the necessary facilities: storage, transportation, distribution and pipeline construction.
Towngas China has built a reputation as the "The Gas Expert We Trust" in the end-user market. Its business philosophy is to improve the environment by provision of low-carbon and clean piped-gas to households, to strive for excellence and to provide innovative service, while adhering to the highest safety standards. At the same time, the Company has remained committed to one of its most important corporate missions: to enhance people's quality of life. Towngas China was the first in the industry to introduce the concept of a full range of services to its retail, wholesale, industrial and commercial users. Over the years, Towngas China has developed advanced information-management and highly efficient logistical systems, and is dedicated to improving both systems and service to meet the needs of the market and customer demand.
Towngas China's merger-and-acquisition strategy is to create a win-win situation for local government, local staff and local customers. By supporting the Chinese government's policy of restructuring state-owned enterprises, Towngas China has helped create hundreds of jobs in the gas industry. Through its efforts, the Company has built a solid reputation among local governments, and become a trustworthy partner in this restructuring exercise. Towngas China has thus developed one of the most valuable brand names in China. With support from local governments, Towngas China is poised to capitalize on even more business opportunities in future, which will further reinforce the Company's leading position in China's gas industry.
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