New stock news | Yongkang Holdings passed the hearing of the Hong Kong Stock Exchange and operates 18 container yards at 10 locations.

According to the disclosure by the Hong Kong Stock Exchange on June 26, Yongkang Holdings Limited (referred to as Yongkang Holdings) is going through the listing hearing on the main board of the Hong Kong Stock Exchange, with Person Securities and Investment Banking as its joint sponsors. The prospectus shows that based on the container handling volume in 2025, Yongkang Holdings is the leading container yard operator in Singapore and the second largest in Southeast Asia (according to a Frost & Sullivan report, the company has a market share of 16.2% in Singapore and 5.9% in Southeast Asia), mainly providing services to container shipping companies and container leasing companies operating in ASEAN and China. Yongkang Holdings is headquartered in Singapore and operates in China, Hong Kong, Malaysia, Thailand, and Vietnam. As of the latest feasible date, the company operates 18 container yards in 10 locations, providing a range of container and logistics services including storage and handling, repair and maintenance, new container inspection, and container transportation. The company also engages in the sale and trade of containers and container parts, as well as other logistics-related support services such as warehousing and container freight stations and freight forwarding. The company operates under the brand name "Yongkang" in Singapore, Thailand, Malaysia, and Vietnam, and under the brand names "PCL" and "Mingfeng" in Hong Kong. In mainland China, the business operates under the brand names "Keyun" (licensed brand from an independent third party) and "Yifa" (brand derived from one of the Chinese subsidiary company names). The container yard business is the core business of Yongkang Holdings, accounting for the majority of the company's total revenue. As a container yard operator, the company's services include storage and handling, repair and maintenance, and transportation of empty containers. The company's warehousing and container freight station business supports its core container yard business, providing traditional cargo storage and value-added services related to consolidation and deconsolidation to meet the needs of its customers. These value-added services include palletization, barcode scanning, consolidation and deconsolidation, bundling, packaging, packing, and sealing, as well as container loading and unloading. During the reporting period, the company mainly provided these warehousing and container freight station services in Hong Kong, Shanghai, Tianjin, and Qingdao in China, which is one of the ways the company maintains its competitiveness and further enhances its reputation as a comprehensive solutions provider. The company's container sales and new container inspection business supports its core container yard business, involving the trade of containers (new and used) and container parts, as well as acceptance and inspection of new containers. In terms of financials, the company achieved revenues of approximately SGD 156 million, SGD 165 million, and SGD 149 million in the fiscal years 2023, 2024, and 2025 respectively, with net profits of approximately SGD 8.37 million, SGD 11.618 million, and SGD 13.266 million during the same periods.