Darren Teo, managing partner of Apricot Capital, has upped his personal stake in Marco Polo Marine to 3 million shares or 0.08% from 0.04% previously. <o:p></o:p>

On July 21, Teo, who is also a non-executive director on Marco Polo Marine’s board, snapped up 1.5 million shares in the company via the market at 5.4 cents apiece. Together with his deemed interest of 16.17% via Apricot Capital, Teo's total interest in Marco Polo Marine now stands at 16.25%. <o:p></o:p>

Year-to-date, shares in Marco Polo Marine have risen by some 38.46% from 3.9 cents on Jan 2 although it’s dipped somewhat from July’s peak of 5.9 cents.<o:p></o:p>

<a href="https://www.theedgesingapore.com/news/wealth/preserving-their-legacy" target="_blank">Apricot Capital</a> was one of the nine white knights that provided restructuring financing to Marco Polo Marine in 2017 with a capital injection of $20 million.<o:p></o:p>

Marco Polo Marine’s CEO Sean Lee is Teo’s longtime friend.<o:p></o:p>

Shares in Marco Polo Marine closed 0.1 cent lower or 1.85% down at 5.3 cents on July 24.<o:p></o:p>

Apricot Capital’s Darren Teo snaps up 1.5 mil shares in Marco Polo Marine at 5.4 cents apiece

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Apricot Capital’s Darren Teo snaps up 1.5 mil shares in Marco Polo Marine at 5.4 cents apiece

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