Market Chatter: Towngas Expects Up to 10% of Suppliers to Participate in Green Finance Project

MT Newswires Live07-26

The Hong Kong and China Gas Company (HKG:0003) or Towngas expects up to 10% of its 1,500 suppliers to take part in its green finance program, The Standard reported Friday.

Towngas will work with HSBC (HKG:0005) for the financing project, which will help provide lower interest rates for loans funding environmental, social, and governance practices, the report said.

Among the requirements for the financing project include a transformation to natural gas production energy, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $6.34, Change: $+0.04, Percent Change: +0.63%

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