Towngas to spend up to HK$2b on new projects

Towngas China, the mainland city-gas division of Hong Kong and China Gas (Towngas), plans to spend HK$1.5 billion to HK$2 billion this year to add 12 to 15 projects, even though sales growth may dip slightly due to a slower economy.

The firm has already obtained 10 projects in this year's first quarter, including two in Shandong, one in Anhui and one in Sichuan province. It had 84 projects as of the end of April.

via Business feed http://www.scmp.com/business/companies/article/1252891/towngas-spend-hk2b-new-projects