David Lum, managing director of Lum Chang Holdings, has sold 836,300 shares of the company through Ellipsiz Limited across two separate transactions. Lum maintains substantial interests in Ellipsiz Limited.

The share disposal generated total proceeds of $356,101.43 for Lum.

As a result of this transaction, Lum's shareholding in Lum Chang Holdings has been reduced to 57.91% of the company's ordinary voting shares.

Lum Chang Holdings shares remained unchanged at 43 cents at the close of trading on September 12.