Stepping Down From His Post, How Many Grab Shares Did Founder Tan Hooi Ling Once Hold?

One of the founders of Grab, Tan Hooi Ling, has resigned from her position. Hooi Ling, who played a significant role in Grab's operations and technology, has relinquished her seat on the board of commissioners of the ride-hailing company from Singapore.

According to CNBC Indonesia, Hooi Ling will take on an advisory role at Grab. Previously, she held the position of Chief Technology Officer and was a member of the board of commissioners.

An internal memo stated that Grab is not in a rush to find a replacement for Hooi Ling. A committee will select a new chief operating officer by the end of 2023.

Her dedication to building Grab with her Harvard colleague Anthony Tan since 2012 has established her as one of Southeast Asia's most successful female entrepreneurs.

Hooi Ling had previously left Grab after working at McKinsey, Salesforce, and other large companies in senior positions. She returned to Grab in 2015.

(See also: Grab's Online Food Delivery Dominates ASEAN, Outperforming Gojek and Shopee)

Upon her return to Grab, Hooi Ling is recorded as having invested in the company's shares. Although it was reported that Grab went public in December 2021, the exact number of shares she held remains unclear.

Grab's 2022 fiscal year financial report shows that only 3 out of 12 directors and executives held shares in Grab: Anthony Tan, Tan Hooi Ling, and Ming-Hokng Maa.

Anthony Tan held the largest number of shares, with 142.37 million shares. Hooi Ling held 29.72 million shares, and Ming-Hokng held 20.17 million shares.

Grab's report states that the total number of shares held by the group of directors and executives is nominally the same as that held by Anthony Tan, namely 142.37 million shares. These are Class B shares.

The remaining shares, classified as Class A shares, are held by large companies such as Morgan Stanley.

Yahoo Finance revealed that 27.55% of the shares are held by Grab insiders; 51.71% are held by groups or institutions; and there are 416 groups or institutions holding shares.

(See also: Mass Sell-off of GOTO Shares: Shareholder Composition at the End of April 2023)