Towngas to spin-off business 'when time is ripe': CEO Peter Wong

Wong's comments follow an announcement last month by Li Ka-shing-controlled utility Power Asset Holdings that will spin-off its local electricity distributor, Hong Kong Electric. Li is reportedly seeking to raise as much as US$5 billion. Wong said Towngas was in no hurry to spin off its division.

via Business feed http://www.scmp.com/business/companies/article/1336263/towngas-spin-business-when-time-ripe-ceo-peter-wong