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Quite good already..Share placement at 0.145..😮 😮
PQTPQK ( Date: 05-Mar-2026 10:57) Posted:
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Michael Kum raises stake in Marco Polo Marine to 5.77% after buying shares from Penguin International at 13 cents each
Investor Michael Kum has further raised his stake in Marco Polo Marine after buying 60 million shares at 13 cents each from Penguin International.
Kum, who is holding his investment in Marco Polo Marine via Halom Investments, now owns a total of 225 million shares, or 5.77% of the company.
He first emerged as a shareholder of Marco Polo Marine on Jan 22 after he paid 13 cents each for 150 million shares, buying from Apricot Capital.
Sean Lee, CEO of Marco Polo Marine, calls Kum " a luminary" in the maritime world, and his decision to make a further investment is the strongest possible validation of the " strategic direction, operational excellence, and the growth potential we are unlocking in both the offshore oil and gas and renewable energy sectors.&rdquo
Separately, on March 5, Kum, who is also a non-executive chairman of Atlantic Navigation, raised his stake by buying over $13 million worth of shares at 10 cents each via a married deal with CEO Bill Wong.
Kum, who holds his interest via an entity called Saeed Investment, now controls 75.1% of Atlantic Navigation, up from just over 50%.
Marco Polo Marine shares closed at 16 cents on March 6, unchanged for the day Atlantic Navigation shares closed at 12 cents, up 0.84%.
Marine Industry Veteran Michael Kum To Increase Stake in Marco Polo Marine
Further investment by renowned marine pioneer underscores deep confidence in Marco Polo Marine&rsquo s growth trajectory and leadership in the marine logistics and offshore wind sectors
Details of press release:
https://links.sgx.com/1.0.0/corporate-announcements/XCO9IJC7M5QO1UM5/877636_MPML%20-%20Halom%20Increase%20Stake%20in%20MPM%20PR.pdf
Purchase 60 million shares at $0.13
https://links.sgx.com/1.0.0/corporate-announcements/03O2B1OSFYLCHTBK/877635__Halom%20SFA%20Form%203.pdf
Further investment by renowned marine pioneer underscores deep confidence in Marco Polo Marine&rsquo s growth trajectory and leadership in the marine logistics and offshore wind sectors
Details of press release:
https://links.sgx.com/1.0.0/corporate-announcements/XCO9IJC7M5QO1UM5/877636_MPML%20-%20Halom%20Increase%20Stake%20in%20MPM%20PR.pdf
Purchase 60 million shares at $0.13
https://links.sgx.com/1.0.0/corporate-announcements/03O2B1OSFYLCHTBK/877635__Halom%20SFA%20Form%203.pdf
drop so much
goldenpiggy ( Date: 05-Mar-2026 10:26) Posted:
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pumped and dumped... as predicted.
Stocky901 ( Date: 04-Mar-2026 15:05) Posted:
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Agreed. Inflation, economy uncertainty, finance tsunami.. etc all will kick in.. 🧐
goldenpiggy ( Date: 04-Mar-2026 14:53) Posted:
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Not soon
Already blood bath...
Grubber ( Date: 04-Mar-2026 14:52) Posted:
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This is like Covid 2.0
bloodbath soon
0.163
if break 164, hell loose
Can't comment cos never play this stock...
PQTPQK ( Date: 02-Mar-2026 11:32) Posted:
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Heading toward 0.170
pac rad next ?
kt3152 ( Date: 02-Mar-2026 11:31) Posted:
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Once close gap 159, will chiong up.....
kt3152 ( Date: 27-Feb-2026 11:56) Posted:
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Depends on the profile of these buyers. If they are long term or institutional buyers, they won' t be selling for peanuts. I am more interested what the money will be used for? Like windfarm clean energy? Shipyard expansion? potential listing in taiwan?
As long not use to pay down debt, it should be fine. Given the fact they experienced a near death experience, I am sure CEO will be careful not to repeat.
As long not use to pay down debt, it should be fine. Given the fact they experienced a near death experience, I am sure CEO will be careful not to repeat.
Once placement completed for Marco, sellers will emerge...
Plus, Marco has been riding on positive news, if one wrong execution/issue with them, the momentum may turn drastically.
Plus, Marco has been riding on positive news, if one wrong execution/issue with them, the momentum may turn drastically.
Placement at 14.5 for expansion is positive for MP.. good entry for those who bought at 150 and below.....
Watching for p& d... then can jump in to short the ride down,
Stocky901 ( Date: 26-Feb-2026 14:29) Posted:
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Contra selling ended liao ✌ ️ BBs start another round of p&d.. ✌ ️
Lswoowoo ( Date: 26-Feb-2026 14:20) Posted:
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