Towngas China receives HK$2.8 billion investment from Asian buyout fund manager to accelerate clean energy transition

//Towngas China receives HK$2.8 billion investment from Asian buyout fund manager to accelerate clean energy transition

Towngas China receives HK$2.8 billion investment from Asian buyout fund manager to accelerate clean energy transition

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…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-10-25T11:26:46+00:00 October 25th, 2021|Business|Comments Off on Towngas China receives HK$2.8 billion investment from Asian buyout fund manager to accelerate clean energy transition