| Business Summary | | Hong
Kong
China
Gas
Company
(also
known
as
Towngas)
engages
in
the
production
and
distribution
of
gas,
the
marketing
of
gas
and
appliances
and
the
supply
of
town
gas
and
related
services
to
1.3
million
households
and
businesses
in
Hong
Kong.
Town
gas,
produced
at
the
Tai
Po
plant
and
the
Ma
Tau
Kok
plant,
is
an
energy
source
for
cooking,
water
heating,
steam
raising,
clothes
drying,
printing,
dehumidification
and
many
other
purposes.
In
the
People's
Republic
of
China,
the
Company
has
established
joint
ventures
in
Panyu,
Zhongshan,
Fangcun
and
Guangzhou
Economic
and
Technological
Development
Zone. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Hong
Kong
China
Gas
Company
Ltd.,
engages
in
the
production,
distribution
and
marketing
of
towngas
and
related
activities.
For
the
fiscal
year
ended
12/31/00,
revenues
increased
14%
to
HK$6.65
billion.
Net
income
increased
8%
to
HK$3.13
billion.
Revenues
reflect
increased
overall
gas
sales
due
to
innovative
marketing
efforts
and
the
growth
of
the
residential
market.
Earnings
were
partially
offset
by
an
increase
in
minority
interest. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Lee Shau Kee | Chairman |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|