News Snapshot:
Towngas China, a division of Hong Kong and China Gas (Towngas), has received HK$2.8 billion (US$360 million) in investment from Affinity Equity Partners, an Asian buyout fund manager, to accelerate its transition into a clean energy provider . The board has also proposed changing the name of the company from Towngas China to Towngas Smart Energy to “better reflect the group’s strategic business plan and its future development direction”. The change is subject to approval at an upcoming extraordinary general meeting, according to a statement to the stock exchange on Monday afternoon. “The investment will support Towngas China’s evolution into...
