Marco Polo Marine to Spin Off Shipyard in $108M Deal

the purchaser will be renamed MPSE and separately listed, focusing on shipbuilding, repair, and offshore marine services. The deal includes a base consideration of S$120 million plus a deferred earn-out of up to S$19 million based on profit targets for 2026 and 2027. Payment will be made entirely in new shares, with Marco Polo Marine expected to hold about 74.1% of the enlarged company. The move aims to unlock value in the shipyard operations, including the Batam facility, and improve earnings visibility amid growing offshore wind activity in Asia. The transaction is subject to due diligence, regulatory approvals, and shareholder consent.