A stakeholder has lessened the bite it first took out of Sean Lee-led OSV owner Marco Polo Marine.
Pavilion Capital Holdings (PavCap) initially bought 170 million shares of Marco Polo for SGD 6m ($4.5m), according to a regulatory filing. This brought its stake to 4.9%.
PavCap is owned by Singapore investment firm Temasek, which has an interest of 0.4%, or almost 14.2