Singapore container yard operator Yongkang Holdings has submitted an application for listing on the Main Board to the Stock Exchange of Hong Kong, with same person financing as the exclusive sponsor.

Preliminary prospectus shows that Yongkang Holdings is headquartered in Singapore and operates businesses in China, Hong Kong, Malaysia, Thailand and Vietnam. It mainly provides services to container shipping companies and container leasing companies operating in ASEAN and China, and currently operates 20 container yards in 10 locations, offering a range of container and logistics-related services. Its brands include "Yongkang", "PCL", "Mingfeng", "Keyun", and "Yifa", with a total management storage area of approximately 630,000 square meters and a total storage volume of approximately 91,000 TEUs.

As of the end of last year, Yongkang Holdings has changed from profit to loss, recording a loss of approximately SGD 7.697 million, compared to a net profit of approximately SGD 9.483 million in 2022 after adjusting for the annual surplus of SGD 15.62 million. The company expects that some of the raised funds will be used to build a comprehensive logistics hub, Megadepot, in Singapore, and to purchase equipment and machinery for the project.

As of the end of last year, Yongkang Holdings turned from profit to loss, with a loss of about SGD 7.697 million, compared to a pure profit of about SGD 9.483 million in the 2022 fiscal year. The adjusted annual surplus is SGD 15.62 million. The company expects that some of the funds raised will be used to build the Megadepot comprehensive logistics hub in Singapore and purchase equipment and machinery for the project.