Year-to-date, shares in Marco Polo Marine have risen by some 38.46% from 3.9 cents on Jan 2 although it’s dipped somewhat from July’s peak of 5.9 cents.
Apricot Capital was one of the nine white knights that provided restructuring financing to Marco Polo Marine in 2017 with a capital injection of $20 million.
Marco Polo Marine’s CEO Sean Lee is Teo’s longtime friend.
Shares in Marco Polo Marine closed 0.1 cent lower or 1.85% down at 5.3 cents on July 24.
