Marco Polo Marine announced the completion of an employee-led subscription for new shares in its indirectly held subsidiary PKR Offshore on Jun, 8 2026.
The deal raised about 1.08 million Singapore dollars, cutting the parent’s indirect stake in PKR Offshore to roughly 46.5% from 49% while the unit remains a subsidiary.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.