The Hong Kong and China Gas Company Limited (0003.HK)

6.990 +0.010 (+0.14%) At close: 04:08PM HKT

The Hong Kong and China Gas Company Limited

363 Java Road
23rd Floor
North Point
Hong Kong
852 2963 2739
https://www.towngas.com

Sector(s): Utilities
Industry: Utilities—Regulated Gas
Full Time Employees: 56,069

Key Executives

Name	Title	Pay	Exercised	Year Born
Mr. Wai Yee Wong A.C.I.S., A.C.S., C.M.A., C.P.A., F.I.G.E.	MD & Exec. Director	28.2M	N/A	1951
Mr. Hon-Ming Ho B.A., B.A.(Hons.), F.C.A., F.CPA, F.H.K.I.o.D., FC	CFO, Company Sec. & Exec. Director	14M	N/A	1956
Ms. Kit Yee Fan	Head of Corp. HR	N/A	N/A	N/A
Mr. Ngo Siu Hing	Head of Engineering - Hong Kong Utilities	N/A	N/A	N/A
Mr. Wai-ngai Kee	Exec. Director & COO of Gas Bus.	N/A	N/A	N/A
Mr. Man-kit Fung	Head of Strategy & Innovation and Commercial – Hong Kong Utilities	N/A	N/A	N/A
Dr. Jian-hang Qiu	Exec. Director & COO of Renewable Bus.	N/A	N/A	1964

Amounts are as of December 31, 2021 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

The Hong Kong and China Gas Company Limited, together with its subsidiaries, produces, distributes, and markets gas in Hong Kong and Mainland China. It is involved in the provision of liquefied natural gas, methanol, and coal and other chemicals; conversion and utilization of biomass; agricultural waste; and operation of natural gas refilling stations, piped city-gas projects, upstream and midstream developments, photovoltaic projects, water and wastewater treatment projects, energy exploration and utilization ventures, and aviation fuel facilities. The company supplies town gas to approximately 1.9 million customers. It also provides network connectivity, and data center and cloud computing services; and engages in the software development, solution implementation, and systems integration activities. In addition, the company offers consultancy and engineering contractor services, including utilities installation, infrastructure construction, and civil and building services engineering for public and private projects; and designs and manufactures gas meters and metering systems. Further, it is involved in water supply, and domestic sewage and industrial wastewater treatment serving 2.4 million customers. Additionally, the company manufactures polyethylene piping and fittings; and engages in the customers center, café, restaurant, retail sale, laundry, automatic meter reading system development, laboratory testing, payment gateway and related, project management, landfill gas project, financing, logistics, oil, research and development, property development, and securities investment activities. The Hong Kong and China Gas Company Limited was founded in 1862 and is headquartered in North Point, Hong Kong.

Corporate Governance

The Hong Kong and China Gas Company Limited’s ISS Governance QualityScore as of February 1, 2023 is 10. The pillar scores are Audit: 8; Board: 10; Shareholder Rights: 9; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.