Published: Oct 29, 2011 9:09 AM EDT
Updated: Oct 30, 2011 6:30 AM EDT

SELANGOR, Malaysia (AP) - Bo Van Pelt shot a 4-under 67 on Saturday to take a one-stroke lead over fellow American Jeff Overton after the third round of the Asia Pacific Classic.

Van Pelt, the winner of the PGA Tour's 2009 U.S. Bank Championship in Milwaukee, had a 16-under 197 total at Malaysia's Mines Resort and Golf Club in the second-year event sanctioned by the U.S. PGA Tour and the Asian Tour.

Overton followed a course-record 62 with a 69 to sit a stroke ahead of Sweden's Fredrik Jacobson (71) and Mark Wilson (67) on 13 under.

Van Pelt bogeyed the opening two holes, but made up a shot on No. 3 and pulled level with another birdie on the No. 5. He holed a birdie on the 12th and finished strongly with three consecutive birdies from the 15th.

"I didn't make a big deal after bogeying the opening two holes," said the 36-year-old Van Pelt, who is from Indiana, like Overton. "I told myself it wasn't the end of the world and just concentrated on playing my shots.

"I just love to play to compete. It's not about the money. That's what gets my juices flowing. Like my grandfather always told me, 'you can't take it with you.'"

Three-time major winner Vijay Singh of Fiji and Malaysia's Danny Chia each shot 66s to climb to joint fifth with Jason Dufner of the United States on 202.

Defending champion Ben Crane is at 205.

The winner will receive $1.3 million from the $6.1 million purse.