-- Marco Polo Marine (SGX:5LY) said certain key employees are looking to subscribe to 1.3 million shares in PKR Offshore for NT$26.9 million, according to a Friday filing with the Singapore Exchange.
PKRO is 49% indirectly held by the company and focuses on offshore wind farm support, and is also targeting a listing on the Taiwan bourse.
The subscribers will subscribe for PKRO shares at an issue price of NT$21 per share.
Following the completion of the subscription, the company's stake in PKRO will reduce to 46.5%.