Last May, Lim Ah Cheng, former executive chairman of Dyna-Mac Holdings, announced plans to take a 16.7% stake in FPOM by buying new shares at 45 cents each. The Teo family remains the controlling shareholders.
Marco Polo Marine plans to spin off its shipyard business via an RTO of Fuji Offset Plates Manufacturing in a deal worth up to $139 million.
The Teo family, who controls Apricot Capital, is a significant shareholder of Marco Polo Marine. The family founded and controls FOPM as well.
