Nam Cheong Limited (SGX:N4E) acquired 50% stake in Marco Polo Offshore (IV) Pte Ltd from Marco Polo Marine Ltd. (SGX:5LY) for $2 million on August 19, 2014. Nam Cheong will acquire 0.2 million shares at $10 per share. The transaction is not expected to have any material financial impact on the consolidated net tangible assets and earnings per share of the Nam Cheong for the current financial year ending December 31, 2014.


Nam Cheong Limited (SGX:N4E) completed the acquisition of 50% stake in Marco Polo Offshore (IV) Pte Ltd from Marco Polo Marine Ltd. (SGX:5LY) on August 19, 2014.