Poly Million Group is controlled by one Wong Shun Lee, who is part of a group of investors that are in the process of helping to recapitalise Salt Investments by subscribing for new shares.
Salt Investments is exploring the acquisition of a majority stake in marine lubricant supplier TT Oil (Singapore), citing "encouraging improvements and trends" in the offshore and marine market.
The company, formerly known as Jasper Investments (SGX:FQ7
) , has on Dec 17 signed an MOU with Poly Million Group, which controls TT Oil, to negotiate a deal on an exclusive basis.
