Far East Horizon grants HK$260m share options to directors

Far East Horizon Limited granted 34.5 million share options to directors and employees under its employee incentive scheme, representing 0.72% of total shares.

The options have an exercise price of HK$7.53 per share and vest in three equal tranches over three years.

Three executive directors received 9.3 million options, with chief executive Kong Fanxing getting the largest allocation of 4.8 million shares. The remaining 25.2 million options went to 93 other employees.