Liu, Peter On Bong 廖安邦

The Company still doesn't say who the grantee was, but see our comment on the announcement of 20-Apr-2012.

The subscriber is Vice Chairman of Tack Fiori (0928) and former MD of Radford Capital (0901). All 3 companies are in the "Chung Nam Network". The grantee of the options is not named, but the number of options just happens to be exactly 1/3 (rounded down) of the number of subscription shares. Could it be that the subscriber is also the grantee?

That's a step in the right direction! Now there are 2 EDs and one INED (who were not up for re-election at today's AGM). Let's see what happens next.