In its inquiry into the listed securities of Dransfield Holdings Limited (now known as Pearl Oriental Innovation Limited), the Insider Dealing Tribunal has found that James Wang, Tai Ching Nam - also known as Dai Zhengnan - and Denny Wu had engaged in insider dealing.

The tribunal has ruled that none of the three can be a director of any listed or other company in Hong Kong for a period of 12 months without permission from the Court of First Instance.

Each must pay to the Government the profit gained from the insider dealing, along with a penalty.  For James Wang, that amounts to $185,808.63 plus a $50,000 penalty. For Tai Ching Nam, it amounts to $57,526.27 plus $35,000. For Denny Wu, it is $48,854.62 plus $25,000.

The Dransfield inquiry involved three implicated parties, with five hearing days.