He first emerged as a shareholder of Marco Polo Marine on Jan 22 after he paid 13 cents each for 150 million shares, buying from Apricot Capital.
Investor Michael Kum has further raised his stake in Marco Polo Marine after buying 60 million shares at 13 cents each from Penguin International.
Kum, who is holding his investment in Marco Polo Marine via Halom Investments, now owns a total of 225 million shares, or 5.77% of the company.
