New Stock News | Pinnacle Marine Files with Hong Kong Stock Exchange

According to a disclosure by the Hong Kong Stock Exchange on October 8, Pinnacle Marine Holdings Ltd (referred to as: Pinnacle Marine) has submitted an application for listing to the Main Board of the Hong Kong Stock Exchange, with Tongren Financing as its sole sponsor. The prospectus shows that Pinnacle Marine is a maritime services provider headquartered in Singapore. Since commencing operations in 2009, the company has established a synergistic operating platform covering (i) aluminum workboat construction, workboat chartering and logistics support; (ii) shipping agency services; and (iii) marine supplies provisioning and machinery and spare parts sales. Workboats are primarily port workboats used to support operations within and around port limits. The company's business is centered on vessel activities at the Port of Singapore, driving demand for its three interconnected operating service lines.