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.

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia