$MARCO POLO MARINE LTD.(5LY.SI

2022-08-23

$MARCO POLO MARINE LTD.(5LY.SI)$can go long?

Lee Wan Tang, the former executive chairman of SGX-listed Marco Polo Marine, has entered into a share purchase agreement on Aug 21 to acquire 121.8 million shares in the company at 3.3 cents apiece.

The transaction is expected to be completed on or before Oct 31.

Following the purchase, Lee will hold a direct stake of 148 million shares, or 4.19% of the company’s total share capital, from 0.75% previously.

Lee’s purchase will value Marco Polo Marine at $106.2 million.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

DZL
2022-08-23
DZL
Marco Polo Marine
pangspurs
2022-08-24
pangspurs
Too under valued now, buy buy
Cyberboyz
2022-08-26
Cyberboyz
Ok
Charlie2Limo
2022-08-24
Charlie2Limo
Please go up
Choonhowe
2022-08-23
Choonhowe
Ok
RetiredPig83
2022-08-23
RetiredPig83
👌

Leave a comment

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