Fan Bingbing’s every action has been watched like a hawk after being found guilty of tax evasion in October 2018.
As one of the ten majority shareholders in Zhejiang Talent Television and Film, the company’s stock price took a sharp plunge after the news broke, which was the firm’s first drop in stock price after it was listed on the stock exchange.
The latest reports from China claim that she has since sold off her 1.61% majority stake to three different parties, receiving RMB 36 million (S$7.2 million) in return.
As a result, speculation has been rife about the reason behind her sudden action, especially since she is believed to have already paid back her RMB 255 million (S$51 million) in overdue taxes, as well as an additional RMB 479 million (S$95.84 million) in fines for tax evasion.
At the same time, an industry insider has shared that despite Bingbing selling off all her shares in the company, Zhejiang Talent Television and Film will still look forward to working with the actress closely in the future.