Shares of Singapore-listed ship chartering firm Marco Polo Marine (MAPM.SI) rose as much as 11.5% to a near 4 month high on Tuesday after it said it was planning to issue Taiwan depository receipts.
At 0106 GMT, shares of Marco Polo Marine were up 9.2% at $0.475 with over 9.5 milion shares changing hands.
Marco Polo Marine said on Monday it was considering issuing TDRs to broaden its investor base and would apply for regulatory approval with relevant Taiwanese authorities.
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