Ginko-AGT Global Growth Fund, managed by AGT Partners, has emerged as a substantial shareholder of Marco Polo Marine (SGX:5LY
) .
In the filing on June 3, the fund has purchased 700,100 shares for a total consideration of $117,980.85, excluding brokerage and stamp duties. This translates to an average price of around 16.85 cents.
This brings the fund's stake in Marco Polo Marine to 195,944,800 shares, or equivalent to 5.006%.
Shares in Marco Polo Marine closed 0.4 cents lower or 2.4% down at 16.3 cents on June 3. Marco Polo Marine’s share price witnessed a gain of 270.45% for the past one year.
