United Overseas Bank (UOB) has said it has disposed of its entire holding in restructured OSV owner Marco Polo Marine.
The Singapore lender revealed it had sold 10.29% in its compatriot - 362.2m shares at SGD 0.035 each, for a total gain of SGD 12.68m ($9.7m).
The bank had acquired the stake only last week for the same price after Marco Polo completed its court-approved refinancing and debt restructuring.
