China Natural Gas, Inc. (CHNGQ)

0.0000 0.0000 (0.00%) At close: 04:23PM EDT

China Natural Gas, Inc.

Building B
Van Metropolis, 19th Floor 35 Tang Yan Road Hi-Tech Zone
Xi’an 710065
China
86 29 8832 3325

Sector(s): Utilities
Industry: Utilities - Regulated Gas
Full-time employees: 1,056

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Shuwen Kang	Chairman, Chief Executive Officer and President	95.16k	N/A	1949
Mr. Zhiqiang Wang	Vice Chairman and Independent Advisor	5.71k	N/A	1940
Ms. Lixia Cao	Vice President of Engineering and Technology Department	N/A	N/A	N/A
Jacky Shi	Investor Relations Director	N/A	N/A	N/A

Amounts are as of 31 December 2012, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

China Natural Gas, Inc., an integrated natural gas operator, engages in the sale and distribution of natural gas and gasoline to commercial, industrial, and residential customers in the People's Republic of China. The company is primarily involved in the distribution of compressed natural gas (CNG) through its variable interest entity-owned CNG fueling stations. As of December 31, 2012, it operated 31 CNG fueling stations, including 20 CNG fueling stations in Shaanxi Province, 10 CNG fueling stations in Henan Province, and 1 CNG fueling station in Hubei Province. It also installs natural gas pipelines, as well as distributes and sells piped natural gas to residential and commercial customers through a high pressure pipeline network of approximately 120 kilometers in the city of Xi'an in Shaanxi Province, including Lantian County; the districts of Lintong and Baqiao in Shaanxi Province; and the city of Lingbao in Henan Province. As of the above date, the company had approximately 122,020 residential and commercial customers for its pipeline network, as well as operated 4 automobile conversion sites for converting gasoline-fueled vehicles to hybrid (natural gas/gasoline) powered vehicles. The company is based in Xi'an, the People's Republic of China. On July 2, 2014, the involuntary petition of China Natural Gas, Inc. for reorganization under Chapter 11 was converted to Chapter 7. The involuntary petition was filed under Chapter 11 on February 8, 2013.

Corporate governance

China Natural Gas, Inc.’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.