Marco Polo Marine’s CEO Sean Lee Yun Feng has bought 1 million shares via the market for 5.4 cents per share. The purchase upped Lee’s personal stake to 0.36% or 13.6 million shares from 12.6 million shares or 0.34% previously.
The transaction, which took place on Feb 11, brought Lee’s total stake, including his deemed interests in shares related to employee share options and shares held in a nominee account, to 4.8% or 180.2 million shares.
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 Marine representing 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.
