Marco Polo Marine Ltd (5LY) said on Apr, 17 2026 that several key employees will subscribe for 1.28 million new shares in its 49 percent-owned subsidiary, PKR Offshore Co., Ltd., for about 1.08 million Singapore dollars.

The shares will be issued at NTD 21 each, reducing the parent’s stake in PKR Offshore to roughly 46.5 percent while the unit remains a subsidiary. PKR Offshore, a Taiwan-based offshore wind farm support provider, is preparing for a local stock market listing.

Chief Executive Officer Sean Lee Yun Feng will subscribe for 285,000 shares for approximately 0.24 million Singapore dollars. The audit committee said the related-party transaction is below the 3 percent threshold of the group’s latest audited net tangible assets and is fair and reasonable.

Marco Polo Marine said it will issue further updates as material developments arise.