Profile: Hong Kong and China Gas Co Ltd (HOKCY.PK)
24 Mar 2017
The Hong Kong and China Gas Company Limited (Towngas), incorporated on October 14, 1982, is engaged in the production, distribution and marketing of gas; water supply, and energy businesses in Hong Kong and mainland China. The Company is also engaged in property development and investment activities in Hong Kong. The Company operates through Gas, water and related businesses, New Energy, Property and Other segments. The Company's portfolio includes approximately 220 projects in over 25 provinces, autonomous regions and municipalities in mainland China, as well as over one in Thailand. The Company is also engaged in online bill payment, home insurance, kitchen solution, as well as stylish household merchandise in mainland China.
The Company operates approximately 130 city-gas projects across mainland China, covering over 20 provinces, autonomous regions and municipalities and serving over 20.9 million residential and business accounts. Through Hong Kong & China Water Limited (Hua Yan Water), the Company's operates over six water projects in mainland China, which serve approximately 1.1 million customers in the residential, industrial and commercial sectors. The Company's projects include water supply projects in Suzhou, Jiangsu province and in Wuhu and Maanshan, Anhui province, and an integrated water supply and wastewater treatment joint venture project together with an integrated wastewater treatment joint venture project for a special industry, both in Suzhou Industrial Park, Jiangsu province. The Company offers gas appliances under the brand, Bauhinia. The Company offers business-to-business (B2B) with Total Kitchen Solution, selling over 4,000 installations to property developers in Hong Kong.
The Company's Towngas Telecom runs over two data centers in Hong Kong and approximately three on the mainland having a total capacity of over 15,000 server racks. The Company's coal-based methanol plant in Inner Mongolia generates syngas, which is then synthesized into methanol. The Company operates over 60 refilling stations that are in operation, under construction or at the planning stage, covering Shaanxi, Shandong, Shanxi, Henan and Liaoning provinces, among others. S-Tech Technology Holding Limited (S-Tech) is a subsidiary of the Company, responsible for product development, solution implementation and system integration. The Company has developed over three internal mobile applications to facilitate regular safety inspections, meter reading and maintenance appointments for customers on the mainland. In addition, S-Tech provides consulting services and other cloud computing applications, as well as information technology (IT) products to companies. U-Tech Engineering Company Limited (U-Tech) is the Company's subsidiary that provides consultancy and engineering contractor services in Hong Kong and Macau. It specializes in utilities installation, infrastructure construction, and civil and building services engineering for public and private projects. The Company manufactures critical materials and devices, such as polyethylene (PE) piping and jointing parts systems, as well as gas meters. G-Tech Piping System (Zhongshan) Company Limited (G-Tech), the Company's subsidiary, is a supplier of high-quality PE pipes.
Hong Kong and China Gas Co Ltd
363 Java Road, North Point