Towngas plans long-term IPO for 'green' subsidiary

Hong Kong and China Gas, better known as Towngas, will consider spinning off its non-city gas businesses in a separately listed unit in the medium term to better reflect their value.

But it will not retreat from non-core businesses despite concerns they may bring higher risks.

via Business feed http://www.scmp.com/business/companies/article/1056088/towngas-plans-long-term-ipo-green-subsidiary