Marco Polo Marine Secures S\$21 Million in Private Placement for Business Expansion

Executive Summary

• Marco Polo Marine Ltd. has completed a private share placement, raising gross proceeds of approximately S\$21 million.
• The placement was met with robust demand from a select group of institutional and strategic investors.
• Funds are earmarked for business expansion, particularly in the offshore wind energy sector.
• This capital injection is expected to enhance the company’s balance sheet and financial flexibility.
• The placement was facilitated by Maybank Securities Pte. Ltd. as the Placement Agent.

Key Details of the Private Placement

• Issuance of 144,865,920 new ordinary shares at an issue price of S\$0.145 per share.
• Participating institutional investors include:
  • Areca Capital
  • Asdew Acquisitions
  • Astral Value Fund VCC
  • Evolve Capital Management
  • Ginko-AGT Global Growth Fund
  • ICH Synergrowth Fund
  • Lion Global Investors Ltd (as investment manager for and on behalf of its clients)
  • Value Partners Hong Kong Limited
• Also attracted high-net-worth corporate and individual investors.
• Strong participation from a high-quality investor base signals confidence in Marco Polo Marine’s growth strategy and outlook in the offshore marine sector.

Use of Proceeds & Strategic Implications

• Net proceeds will be used to fund the Group’s project pipeline and capital expenditure for business expansion.
• Focus is on supporting the Group’s expansion, especially in the offshore wind energy sector.
• Funds will be deployed to enhance the fleet of specialised vessels to meet rising demand for sustainable marine logistics solutions across Asia.
• This expansion aligns Marco Polo Marine with Asia’s accelerating energy transition, positioning the company as a key player in regional renewable energy logistics.
• Management sees this fund raising as a catalyst for pursuing value-accretive projects, strengthening the company’s market position.

CEO & Placement Agent Commentary

Sean Lee, CEO of Marco Polo Marine:

“We are delighted with the strong support for our private placement, which reflects a clear endorsement of our vision and strategy. This successful fund-raising exercise provides us with the capital to pursue our pipeline of value-accretive projects and further solidifies our position as a key player in the region’s energy transition. We are confident this will enable us to deliver sustainable, long-term value to all our shareholders.”

Aditya Laroia, CEO of Maybank Securities:

“We are pleased to have acted as placement agent for Marco Polo Marine in this transaction. The strong investor response is a clear reflection of the market’s confidence in the Company’s strategy and its well-positioned franchise in the offshore marine sector. This placement is a testament to the quality of Marco Polo Marine’s business and its growing relevance within Asia’s energy transition story. We congratulate the management team on a well-executed fund-raising.”

Business Overview & Growth Opportunities

• Marco Polo Marine is listed on the Mainboard of the SGX-ST since 2007 and is a leading regional integrated marine logistics company.
• Shipping business includes chartering Offshore Support Vessels (OSVs) for deployment in Southeast Asia and Taiwan, plus chartering tugboats and barges for mining, commodities, construction, and infrastructure clients.
• The Group has diversified beyond oil & gas, now supporting offshore wind farm projects—a nascent but rapidly growing sector in Asia.
• Shipyard business includes shipbuilding, maintenance, repair, outfitting, and conversion services through its modern Batam shipyard (34 hectares, 650 metres seafront, 4 dry docks).
• Technical capabilities and service offerings support mid-sized and sophisticated vessels, positioning Marco Polo Marine to capture new opportunities in offshore wind and sustainable marine logistics.

Investor Takeaways & Price-Sensitive Factors

• The successful S\$21 million placement and backing from prominent institutional investors signal strong market confidence, potentially impacting share price positively.
• Expansion into offshore wind logistics may drive future growth, as the sector is at a nascent stage in Asia with significant opportunities.
• Use of proceeds for fleet enhancement and project pipeline execution could lead to increased revenues and profitability, benefiting shareholders.
• Improved balance sheet and financial flexibility position Marco Polo Marine to pursue strategic opportunities and withstand market volatility.
• Investors should monitor progress in offshore wind and marine logistics projects, as these could be catalysts for further share price movements.

Contact & Further Information

For more information, visit Marco Polo Marine’s corporate website.

Investor Relations and Media Contact: Emily Choo ([email protected]; +65 9734 6565)

Disclaimer: This article is for informational purposes only and does not constitute investment advice, an offer, or solicitation to buy or sell any securities. Investors should conduct their own research and consult with professional advisors before making investment decisions. The information provided is based on public disclosures as of March 4, 2026 and may be subject to change.

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