Michael Kum emerges as substantial shareholder in Marco Polo Marine with 5.77% stake

Halom Investments bought 60 million shares from Penguin, raising Kum’s holding to 225 million.

Halom Investments Pte. Ltd., led by marine industry veteran Michael Kum, has acquired 60 million shares in Marco Polo Marine Ltd. from Penguin International Limited.

After the transaction, Kum’s total holding in the company climbed to approximately 225 million shares, or 5.77% of Marco Polo Marine’s total shares, making him a substantial shareholder, according to a filing with the Singapore Exchange.

Marco Polo Marine said the purchase reflects Kum’s confidence in the company’s marine logistics and offshore wind operations.

CEO Sean Lee told the Singapore Exchange that Kum’s experience in the marine sector aligns with the company’s business and could support its ongoing activities.