Post Reply
301-320 of 660
old article in BT. These white knights are now rewarded for their faith in CEO Sean Lee to turn MP around.
Nine white knights pool together S$60m in rescue financing for Marco Polo Marine
WED, NOV 08, 2017 - 8:11 PM
NINE prominent business names have pooled together S$60 million in rescue financing for listed offshore and marine group, Marco Polo Marine.
The founders or founding families behind household names Super Group, Soilbuild, Goldbell and Yanlord were named in association with the equity injection deal. Oxley Holdings' deputy chief executive Low See Ching and two other Singapore listed entities, Vibrant Group and Penguin International, have also thrown their hats into the ring.
Some, if not all, of those named are business acquaintances of Marco Polo Marine' s chief executive, Sean Lee.
The Lees have offered to dilute their shareholding by 90 per cent to just 6 per cent of the enlarged share capital in favour of bringing in these equity investors and deleveraging the group' s balance sheet.
Over two billion new shares valued at S$0.028 will be issued to these nine named investors.
Of the new investors, Apricot Capital - the private investment vehicle of Super Group' s founder David Teo - will emerge the largest shareholder with a 19.5 per cent interest in Marco Polo' s enlarged share capital after the deal is completed.
I am ok percentage wise.
The verdict shall be out in 10 yrs' time. Meanwhile, will treat it as 10yr gov bond.
Vested
AttasBoss ( Date: 03-Sep-2022 19:06) Posted:
Samudera price rise from 10c to 1 dolar. So Marco price rise from 1c to 10c KYM?
Nippon72 ( Date: 03-Sep-2022 09:29) Posted:
| Still holding mine @ 0.035 tightly. Believe in its resurrection and hoping it will be Samudera level in 10 yrs' time. |
|
|
|
Samudera price rise from 10c to 1 dolar. So Marco price rise from 1c to 10c KYM?
Nippon72 ( Date: 03-Sep-2022 09:29) Posted:
Still holding mine @ 0.035 tightly. Believe in its resurrection and hoping it will be Samudera level in 10 yrs' time.
AttasBoss ( Date: 02-Sep-2022 16:58) Posted:
| Those buy 37 profit taking. 42 absorded |
|
|
|
Wow good price. Hope u huat big big
Nippon72 ( Date: 03-Sep-2022 09:29) Posted:
Still holding mine @ 0.035 tightly. Believe in its resurrection and hoping it will be Samudera level in 10 yrs' time.
AttasBoss ( Date: 02-Sep-2022 16:58) Posted:
| Those buy 37 profit taking. 42 absorded |
|
|
|
Still holding mine @ 0.035 tightly. Believe in its resurrection and hoping it will be Samudera level in 10 yrs' time.
AttasBoss ( Date: 02-Sep-2022 16:58) Posted:
| Those buy 37 profit taking. 42 absorded |
|
Those buy 37 profit taking. 42 absorded
After raining
ThankYou ( Date: 02-Sep-2022 15:57) Posted:
Appears dry.
AttasBoss ( Date: 02-Sep-2022 15:43) Posted:
| 20mil shares absorbed 42, sellers also dry. |
|
|
|
Appears dry.
AttasBoss ( Date: 02-Sep-2022 15:43) Posted:
20mil shares absorbed 42, sellers also dry.
AttasBoss ( Date: 01-Sep-2022 16:29) Posted:
|
|
|
20mil shares absorbed 42, sellers also dry.
AttasBoss ( Date: 01-Sep-2022 16:29) Posted:
|
Already moved up a lot.
Will go down later and Monday lah
tankoksee ( Date: 02-Sep-2022 11:36) Posted:
 shorties..50 today/Monday possible
ThankYou ( Date: 02-Sep-2022 08:41) Posted:
| Still go down. Maybe can short these 2 days |
|
|
|
shorties..50 today/Monday possibleThankYou ( Date: 02-Sep-2022 08:41) Posted:
Still go down. Maybe can short these 2 days?
tankoksee ( Date: 01-Sep-2022 14:17) Posted:
| funds buying this counter (not sure if arab funds) |
|
|
|
Still go down. Maybe can short these 2 days?
tankoksee ( Date: 01-Sep-2022 14:17) Posted:
funds buying this counter (not sure if arab funds)
LowLow12 ( Date: 31-Aug-2022 10:07) Posted:
Long live Marco
Long live polo
Long live Penguin
Huat Ah |
|
|
|
This one may just come and go. Hor?
Nippon72 ( Date: 01-Sep-2022 21:30) Posted:
Just wonder how far it can go after 10years? Decide to park aside as FD.
Views?
ahbui8 ( Date: 01-Sep-2022 15:24) Posted:
|
|
|
oil crash
Just wonder how far it can go after 10years? Decide to park aside as FD.
Views?
ahbui8 ( Date: 01-Sep-2022 15:24) Posted:
|
30mil shares absorbed 42
got 5s more than enough for me liao lol
ahbui8 ( Date: 01-Sep-2022 15:24) Posted:
|
No 6 series no sell 😂
flushing flush flush done push to 5 serie
