New stock news | Yongkang Holdings' application to list on the Hong Kong Stock Exchange has been rejected. The market share in Singapore's container yard is 17.9%.

Eternal Holdings Limited's Hong Kong IPO prospectus, submitted on June 14, 2024, expired after 6 months on December 14th, with Sinren Finance Limited serving as its exclusive sponsor at the time of submission. According to the prospectus, Eternal Holdings is a container yard operator based in Singapore, providing services to container shipping and leasing companies operating in the ASEAN region and China. The company is headquartered in Singapore and operates in mainland China, Hong Kong, Malaysia, Thailand, and Vietnam, with operations at 10 locations operating 20 container yards as of the last practicable date (June 7, 2024). According to a report by Euromonitor, the container yard industry in Singapore is relatively concentrated, with the top five operators accounting for approximately 65% of the total throughput of container yards in Singapore in 2023. The top five operators strategically operate near ports. Based on the 2023 container throughput, Eternal Holdings is the largest container yard operator in Singapore, with a market share of 17.9%.