[citation needed] The group has over 500 projects in mainland China including city-gas, water supply, waste treatment, emerging environmentally-friendly energy and telecommunications.

[citation needed] On 3 October 2007, Henderson Land Development Co. Ltd (HLD) proposed to pay market value only to gain control of Towngas.

The 39.06 percent stake in Towngas held by subsidiary Henderson Investment was valued at HK$42.86 billion in cash and convertible notes for the purposes of the transaction.

Webb further criticised the nature of the offer as a back-door privatisation of Henderson Investment, which would virtually be a shell company after the transfer of the stake.

[6] On 7 November, Henderson sweetened the offer to appease minority shareholders by increasing the cash portion to HK$2.24 per share.

[citation needed] Towngas in 2008 agreed to a joint venture with Sunpec and Shaanxi Yanchang Petroleum to develop block 3113 in Madagascar with technical assistance from Yunnan Kaiyuan Oil and Gas.

[citation needed] On 14 May 1934, a huge explosion of a gasometer at the company's West Point plant killed 42, injured many more and gutted five buildings.