Grab finance chief reduces stake through US$1.1 million share sale

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Grab CFO Peter Oey sold US$1.1 million in shares of the Southeast Asian ride-hailing and delivery company.

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The sale was done strictly to cover tax obligations,” Grab said in a message in response to Bloomberg inquiries. “This is a common practice by executives of listed companies. Peter remains committed to the business.” Assuming tax rate of 10%, is Peter earning $30M?

That's telltale signs of something unwell ..

An indication that all is not well in the company?

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