Billionaire Michael Kum buys 150 million Marco Polo Marine shares from Teo family at 13 cents each

Apricot Capital has sold 150 million Marco Polo Marine shares at 13 cents each to Halom Investments in a married deal on Jan 22.

For context, Marco Polo Marine shares closed at 15.4 cents for the day, down 4.94%.

With the sale, Apricot Capital’s stake has been reduced from 16.15% to 12.16%.

Apricot Capital, controlled by the Teo family, invested in Marco Polo Marine back when the company nearly went under.

Halom Investments is an entity controlled by Michael Kum, described as a veteran in the marine industry.

According to Forbes, which ranks Kum 47th in its 2025 Singapore list, Kum, with a net worth of some US$1.2 billion, has interests in the hotels business in the form of M&L Hospitality.