Lim netted $1.47 million from the sale, or 0.142 cents per share. Following the conclusion of the sale on June 27, Lim’s stake in the company was lowered to 4.029% from 24.686% previously. Tang’s stake was raised to 24.657% from 4% previously, making her the controlling shareholder of the company.
VCPlus’ controlling shareholder Lim Beng Chew has sold 1.033 billion shares representing 20.657% of his stake in the company to Tang Zhengming, an executive director of the company.
Tang was appointed to her role on March 1. On VCPlus’ website, Tang is a businesswoman with “extensive experience in business and operations”. She previously held a senior executive position in Shanghai-listed Jiahe Food Industry.
