# Memo for
Forzaport = Suggest a change of title for this bumped thread. (See below.)
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We now have two main sponsors owned by Hong Kong parent corporations - EnergyAustralia, owned by CLP Group (China Light & Power), and AGN, owned by Cheung Kong Holdings (Li Ka Shing).
(I discovered this for myself just now whilst researching, and the revelation may have already been made by the Club or another poster on a different thread.)
AGN - Australian Gas Networks - is the new name for Envestra, subsequent to the 100% acquisition of Envestra by the Cheung Kong empire based in Hong Kong in 2014.
http://www.scmp.com/business/compan...acquire-australian-gas-pipeline-firm-envestra
From AGN website:
In September 2014, a consortium of the three companies within the Hong Kong based Cheung Kong Group acquired all the listed shares in AGN Ltd, and in October 2014, the name of the Company was changed to Australian Gas Networks. The new name more accurately reflects the nature of the business and the national footprint over which it operates.
AGN has been appearing as a second-tier partner on our website, next to OAK.
http://www.australiangasnetworks.com.au/
Li Ka Shing is one of the Power Brokers of the world (pun intended) who started out in the 1950s making plastic flowers, borrowed a little money from his father-in-law and started investing in property.
He now runs the Cheung Kong (Long River) and the Hutchison Whampoa corporate empires.
One of his portfolio of subsidiaries is Hongkong Electric Co. Ltd. (HEC) the smaller of the two franchised power utilities in Hong Kong, the larger being CLP.
This extra synergy with the 'Power' theme makes it unlikely that we'll be changing names any time this millennium.
Suggested new thread title: AGN (Australian Gas Networks) - previously ENVESTRA - Puts More Power in the Club