Australia's largest stock trading and investment forum Australia's #1 stock forum

MRM

Click for more information

0.00%

33.0¢ mma offshore limited

Ann: Change in substantial holding, page-3

First 3 Last

Share
Profile

Follow
danginvestor

550 Posts.

05/07/17

15:23

Post #: 25682094
Share

Originally posted by Super Sceptic ↑

Michael Kum, a Singapore-based tycoon has emerged as the largest shareholder in MMA Offshore. Kum, who is estimated by Forbes to be worth USD905m, has built up a 16.7% stake via Halom Investments, which he jointly controls with his wife.
In 1976, Kum co-founded Offshore Equipment Pte Ltd to charter offshore support vessels and barges to the oil and gas exploration, development and production industry in the Middle East and South East Asia. He sold his group of companies to Macquarie ahead of the IPO of the business on the ASX.
In 2009, Kum set up Grandline International Limited with a focus on real estate hospitality investments. Since 2009, the group has become a major hotel owner with 12 properties in Australia, Japan, London, New Zealand and Singapore. He considered selling a portfolio of 5 hotels in Australia and New Zealand earlier this year, but decided not to go ahead with the deal.

Expand

He sounds like he can time the market pretty dam well.

MRM Price at posting: 17.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Chaos reigns markets – so let's take stock of where we're at ahead of December

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 1 more message in this thread...

First 3 Last

Add MRM (ASX) to my watchlist