Eng Kong Holdings (EKH), Singapore's largest container depot operator, has applied for a listing on the Hong Kong Stock Exchange to raise funds for expanding its network across China and South-east Asia.
Founded in 1975 by Eddie Li and Paul Ng, EKH is now majority-owned by Navis Capital Partners, with Li and Ng retaining smaller stakes.
The company operates 20 depots spanning Singapore, China, Malaysia, Hong Kong, Thailand, and Vietnam, totaling 630,000 sq meters and a capacity of 93,000 teu.
In Singapore, EKH commands an 18% market share, serving major clients like Evergreen and Yang Ming. It plans to build a mega-depot near Singapore's Tuas megaport to accommodate future growth, doubling its current capacity by the 2040s. Additionally, EKH has expanded its footprint near Malaysia's Port Klang to enhance storage capacity.
The company aims to leverage South-east Asia's growing role in global trade by capitalizing on increased container movement and manufacturing shifts to the region.
Article by Martina Li for The Loadstar. Read more here or in the PDF below.
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