Apricot Capital has sold 150 million Marco Polo Marine shares at 13 cents each to Halom Investments in a married deal on Jan 22.
For context, Marco Polo Marine shares closed at 15.4 cents for the day, down 4.94%.
With the sale, Apricot Capital's stake has been reduced from 16.15% to 12.16%.
Apricot Capital, controlled by the Teo family, invested in Marco Polo Marine back when the company nearly went under.
Halom Investments is an entity controlled by Michael Kum, described as a veteran in the marine industry.
According to Forbes, which ranks Kum 47th in its 2025 Singapore list, Kum, with a net worth of some US$1.2 billion, has interests in the hotels business in the form of M&L Hospitality.
