Zhitong Financial APP learned that according to the disclosure of the Hong Kong Stock Exchange on August 31, AP&P Holdings Limited once again submitted a listing application to the main board of the Hong Kong Stock Exchange, with Citic International Co., Ltd. as the sponsor. The company submitted its form to the HKEx on February 24, 2021.

AP&P Holdings Limited is a piling contractor in Singapore, specializing in bored pile engineering. The company's business history dates back to 2007, when Progress Piling, one of the company's major operating subsidiaries, began to undertake piling works. The company mainly undertakes piling works as a subcontractor through Progress Piling and Asia Piling, another major operating subsidiary of the company. According to the industry report, the company was the second largest (by revenue) Singapore piling contractor in 2020, accounting for about 7.4% of the market share of Singapore's piling industry.

It is understood that the company's revenue mainly comes from piling projects in Singapore and the implementation of piling works in various building developments, including residential buildings, commercial and industrial complexes, infrastructure, educational institutions and other public facilities. To a lesser extent, the company is also engaged by piling customers and other independent third parties to provide other related services, that is, supporting support and other services, including mechanical maintenance, scrap metal sales and manpower outsourcing services; and leasing machinery or equipment.

Financially, the company's earnings in 2019, 2020 and 2021 were S $82.609 million, S $139 million and S $107 million respectively. The total profit and comprehensive income for the year were S $11.088 million, S $13.483 million and S $15.481 million respectively.