Marco Polo Marine Ltd. announced on Feb, 24 2026 that it has signed a placement agreement with Maybank Securities Pte. Ltd. to issue up to 144,865,920 new ordinary shares at S$0.145 each, raising gross proceeds of about 21.0 million Singapore dollars.

The placement price represents a 9.994% discount to the volume-weighted average price of S$0.1611 recorded on Feb, 20 and the morning of Feb, 23 2026 before a trading halt. The new shares correspond to approximately 3.85% of the company’s existing issued share capital and will increase the enlarged base to roughly 3.906 billion shares.

Net proceeds of about 20.48 million Singapore dollars, after estimated expenses of S$0.523 million, will be used entirely for business expansion, including fleet growth and renewal.

The offer will rely on the firm’s general share-issue mandate and does not require separate shareholder approval. Completion is expected one business day after Singapore Exchange approval for the listing and quotation of the new shares, with Maybank Securities acting on a best-efforts basis and receiving a commission of 2.08% of funds raised.