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Billionaire Michael Kum buys 150 million Marco Polo Marine shares from Teo family at 13 cents each

The Edge Singapore
The Edge Singapore  • 1 min read
Billionaire Michael Kum buys 150 million Marco Polo Marine shares from Teo family at 13 cents each
Photo: Marco Polo Marine
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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%.

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