On Feb 4, Apricot Capital’s Darren Teo bought 500,000 shares in the company at 5.5 cents apiece, increasing his personal stake in the company to 7.8 million shares or 0.21% from 7.3 million shares or 0.19% previously.
Through Apricot Capital, Teo has a total interest in 614.9 million shares in Marco Polo Marinerepresenting a 16.38% stake.
On Feb 10, Addvalue’s key creditor Wang Yu Huei disposed of 17.1 million shares via the market for $171,993 or around 1 cent apiece. The transaction means Wang ceases to be a substantial shareholder of the company as it lowered his total stake in the company to 4.51% or 146.4 million shares from 5.045% or 163.5 million shares previously.
Shares in Marco Polo Marine closed 0.1 cent higher or 1.89% up at 5.4 cents on Feb 11 while shares in Addvalue closed flat at 0.1 cents.
