Singapore's Marco Polo signs deals to raise up to $44 mln

Marco Polo Marine

08/11/2017 10:03

SINGAPORE, Nov 8 (Reuters) - Singapore's Marco Polo Marine 
Ltd  MAPM.SI , a struggling marine logistics firm, said it 
signed conditional agreements with several investors to raise 
total funds of up to S$60 million ($44 million) as part of its 
debt restructuring exercise. 
    The investors include the private investment vehicle of 
David Teo, a founder of food and drink maker Super Group that 
was acquired by JAB Holding, and Lim Chap Huat, chairman of 
Singapore-listed Soilbuild Construction Group Ltd  SOIL.SI . 
    ($1 = 1.3628 Singapore dollars) 
 
 (Reporting by Aradhana Aravindan; Editing by Sunil Nair) 
 ((aradhana.aravindan@thomsonreuters.com; +65 6403 5659; Reuters 
Messaging: aradhana.aravindan.thomsonreuters.com@reuters.net)) 
 
Keywords: MARCO POLO FUNDRAISING/