Asian American Gas, a unit under umbrella of China Resources Power Holdings Company, has passed Hong Kong listing hearing. Nevertheless, it lowered financing to around HKD 1.6 billion due to unclear future of the stock market. The company will launch listing in October at the earliest.

Asian American Gas established Asian American Gas (Hong Kong) in 2007 and injected 56 percent interest it held in Shanxi Asian American-Daning Energy Co., Ltd. into the Hong Kong unit. China Resources Coal Holdings, a subsidiary of China Resources Power Holdings Company, took over Asian American Gas (Hong Kong) with USD 669 million in March 2011.

Asian American Gas' major assets are Asian American-Daning taking charge of coalbed methane project in Panzhuang block in Jincheng, Shanxi province. The project suspended for over eight months resumed production after the helm was taken over by China Resources Coal Holdings, with approval granted by the National Development and Reform Commission at 2011 end.