Pacific Century CyberWorks chairman Richard Li Tzar-kai has again used his own money to reward senior management.
According to a disclosure made to Hong Kong Exchanges and Clearing, Mr Li sold 16 million CyberWorks shares on August 4, leaving his holding in the company at 8.67 billion shares.
It said Pacific Century Group, of which Mr Li owned 100 per cent, sold the shares 'by way of gift'.
A CyberWorks spokesman said Mr Li's disposal was in line with his policy of attracting and training the best available management staff.
The person who received the 16 million shares is a senior member of CyberWorks' management, but his identity was not revealed.
'As the individual involved is not a director and we are not required to disclose any more information, we are respecting the individual's privacy at his request,' the spokesman said.
