Nam Tai Property

Nam Tai Property, Inc. is a holding company, which engages in the business of real estate development and operation. It focuses on the research and development of Nam Tai Inno Park Project in Guangming, Shenzhen, and Nam Tai Inno City Project in Gushu, Shenzhen. The company was founded by Ming Kown Koo in 1975 and is headquartered in Shenzhen, China.

NEW YORK--( BUSINESS WIRE )--Nam Tai Property Inc. (OTC Expert Market: NTPIF) (“Nam Tai” or the “Company”) today provided the following corporate updates:

Nam Tai Property Provides Corporate Updates

NEW YORK--( BUSINESS WIRE )--The New York Stock Exchange (“NYSE”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common shares of Nam Tai Property Inc. (the “Company”) ─ ticker symbol NTP ─ from the NYSE. Trading in the Company's common shares will be suspended immediately.

NYSE to Suspend Trading in Nam Tai Property Inc. (NTP) and Commence Delisting Proceedings

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced that the Shenzhen Intermediate People's Court (the “Intermediate Court”) has upheld the jurisdiction of the Shenzhen Qianhai Cooperation Zone People's Court (the “Qianhai Court”) to grant the Company's subsidiary's request to freeze the personal bank accounts and assets of Wang Jiabiao and Zhang Yu, who were terminated by the Company's reconstituted Board of Directors (the “Board”) i

Nam Tai Property Pleased by Intermediate Court's Dismissal of Appeal Filed by Former Executive Zhang Yu

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced that the Shenzhen Qianhai Cooperation Zone People's Court (the “Court”) has granted its subsidiary's request to freeze the bank accounts and assets of Wang Jiabiao and Zhang Yu, who were terminated by the Company's reconstituted Board of Directors (the “Board”) in the fourth quarter of 2021. This follows the Court's recent order that prohibited Mr. Wang and Ms. Zhang from using the c

Nam Tai Property Announces Court Order Freezing the Bank Accounts and Assets of Former Executives Wang Jiabiao and Zhang Yu

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced that the Shenzhen Qianhai Cooperation Zone People's Court (the “Court”) has granted its subsidiary's request that Wang Jiabiao and Zhang Yu – who were terminated by the Company's reconstituted Board of Directors – be prohibited from using the corporate chops and business licenses of Nam Tai Investment (Shenzhen) Co., Ltd. (“Nam Tai Investment”), a wholly owned indirect subsidiary of

Nam Tai Property Obtains Injunction Against Rogue Former Executives Wang Jiabiao and Zhang Yu

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced the immediate appointment of Zhou Chongqing to the Company's Board of Directors (the “Board”). In addition, the Company announced that Jeffrey Tuder and Paula J. Poskon have resigned from their director positions, resulting in a reduction of the Board to eight members. Michael Cricenti, Nam Tai's Chairman, commented: “We are pleased to welcome Mr. Zhou to the Board. In addition to ha

Nam Tai Property Appoints Zhou Chongqing to its Board of Directors

Discussing recent events at troubled Shenzhen-based real estate developer. Hong Kong-based Oasis Management acquired the majority of the former Kaisa Group stake from Deutsche Bank. The New York Stock Exchange halted trading of the company's shares indefinitely due to regulatory concerns about the company's lack of direct control over its chops.

Nam Tai Property: NYSE Trading Suspension Adds Insult To Injury For Equityholders

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today provided updates pertaining to legal proceedings initiated last week in the British Virgin Islands (“BVI”) Commercial Division of the Eastern Caribbean Supreme Court (the “Court”) against Greater Sail Limited (“Greater Sail”), a wholly-owned affiliate of Kaisa Group Holdings Limited (“Kaisa Group”) that is incorporated in the BVI: On January 26, 2022, Nam Tai filed a claim with the Court that

Nam Tai Property Announces Initiation of Legal Action Against Kaisa Group's Wholly-Owned Affiliate Greater Sail

The stock price of Nam Tai Property Inc (NYSE: NTP) fell by over 22% pre-market today. This is why it happened.

Nam Tai Property Stock (NTP): Why The Price Substantially Fell Today

SHENZHEN, China--(BUSINESS WIRE)--The Board of Directors of Nam Tai Property Inc. (NYSE: NTP) today provided a series of corporate updates via the below open letter to shareholders. *** Dear Shareholders, We want to update you on our path to securing total on-shore control of Nam Tai Property Inc. ("Nam Tai" or the "Company") and its assets. In recent weeks, Jiabiao Wang, whom we believe to be a longtime ally of Kaisa Group Holdings Limited (collectively with its affiliates, “Kaisa Group”) and

Nam Tai Property Provides Update on Local Affairs and Efforts to Preserve Social Stability

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced that Yu Chunhua has been appointed Executive Director, Legal Representative and Signatory of Nam Tai Investment (Shenzhen) Co., Ltd., effective as of December 1, 2021. Mr. Chunhua previously worked in the ministry of foreign affairs and also held private sector positions in the investment and real estate sectors. He holds a Master of Business Administration from the Columbia Business

Nam Tai Property Announces the Appointment of Yu Chunhua as Executive Director, Legal Representative and Signatory of Key Subsidiary

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced that the special meeting of shareholders (the “Special Meeting”) held on November 30, 2021, has resulted in a reconstitution of the Company's Board of Directors (the “Board”). At the Special Meeting, holders of nearly 60% of the Company's outstanding shares voted to approve the resolutions proposed by IsZo Capital Management LP. Specifically, the following resolutions were adopted at

Nam Tai Property Confirms Results of Special Meeting of Shareholders

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo” or “we”), which beneficially owns approximately 15.2% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), today commented on the preliminary results of the Company's meeting of shareholders (the “Special Meeting”) held earlier today. Preliminary voting results provided by IsZo's proxy solicitor indicate that shareholders have elected its entire six-member slate to

IsZo Announces the Election of All Six Nominees to Nam Tai's Board of Directors Based on Preliminary Results of Special Meeting

SHENZHEN, China, Nov. 29, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today provided an update regarding the meeting of members of the Company (the "Requisitioned Meeting") requisitioned by Greater Sail Limited and other shareholders (the "Requisitioning Shareholders") in writing, which in aggregate are entitled to exercise more than 30% of the voting rights of the outstanding shares of the Company, calling for the Company to hold the Requisitioned Meeting after the special meeting to be held on November 30, 2021 and on or before December 23, 2021 to consider certain changes to the Board of Directors. The Board of the Company noted the holiday season since the end of November 2021 and requested the Requisitioning Shareholders to reconsider the timeline of the Requisitioned Meeting.

Nam Tai Provided an Update Regarding the Requisitioned Meeting

SHENZHEN, China, Nov. 25, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced that its Board has received a written request from Greater Sail Limited and others (the "Requisitioning Shareholders"), who in aggregate are entitled to exercise more than 30% of the voting rights of the outstanding shares in the Company, calling for the Company to hold a special meeting of shareholders to consider certain changes to the Board of Directors after the special meeting to be held on November 30, 2021 and on or before 23 December 2021. The Board has reviewed the purported request from the Requisitioning Shareholders.

Nam Tai Responds to a Request to Call Special Meeting of Shareholders

The current Board and m anagement bring hands-on experience and expertise to drive growth, contribute to long-term success and create value for ALL shareholders. Able to navigate current uncertainties in Chinese operating environment for real estate developers.

Nam Tai Urges Shareholders to Vote for the Current Board and Support the Management

SHENZHEN, China, and TORTOLA, British Virgin Islands, Nov. 11, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) is to provide an update regarding the hearing held on November 8, 2021 in relation to the three applications filed on October 18, 2021, subsequent to the judgment handed down on October 4, 2021 by the Eastern Caribbean Court of Appeal in the British Virgin Islands (the "Court of Appeal"), namely the applications for: (i) conditional leave to appeal to the Judicial Committee of the Privy Council of the United Kingdom (the "Privy Council") (the "Application for Conditional Leave to Appeal"); (ii) a stay of execution to stay a special meeting of shareholders of the Company which the Court of Appeal had ordered the Company to convene and hold at 9:00 a.m. Eastern Time on November 30, 2021 (the "Special Meeting") (the "Application for a Stay"); and (iii) a variation of the order of the Court of Appeal dated October 4, 2021 which ordered that only holders of the Company's common shares of record at close of business on March 15, 2021 (Eastern Time) (the "Record Date") would be entitled to vote at the Special Meeting (the "Application for Variation of the Order") (collectively, the "Three Applications").

Nam Tai Issues Statement regarding the Hearing of Three Applications Filed Subsequent to the Appeal Judgment Dated October 4, 2021

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo” or “we”), which beneficially owns approximately 15% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), is pleased that the Eastern Caribbean Court of Appeal (the “Court of Appeal”) has denied the applications made by the Company and Greater Sail Limited, a wholly-owned subsidiary of Kaisa Group Holdings Limited (HKG: 1638) (“Kaisa”), seeking a stay of the meeting

IsZo Capital Pleased by Court of Appeal's Decision to Deny Stay Application and Uphold March 15th Record Date for Nam Tai's Upcoming Special Meeting

Nam Tai Property Inc. (NTP) CEO Lai Ling Tam on Q3 2021 Results - Earnings Call Transcript

SHENZHEN, China, Nov. 4, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced its unaudited financial results for the quarter ended September 30, 2021. SUMMARY PRC government continued to roll out restrictive measures to curb speculation in the domestic property market in the reporting period.

NAM TAI PROPERTY INC. Announces Q3 2021 Results

Nam Tai Property, a Chinese property developer, is currently selling at a discount to the net value of its assets. The burst of the Chinese property bubble will cause pain for the sector but will also create an opportunity for well capitalized companies like NTP to emerge stronger than competitors.

Nam Tai: A Change In The Board Of Directors Could Unlock Substantial Value

SHENZHEN, China and TORTOLA, British Virgin Islands , Oct. 7, 2021 /PRNewswire/ -- Nam Tai Property Inc. (" Nam Tai " or the "Company") (NYSE Symbol: NTP) provides an update regarding the dismissal of its appeal before the Eastern Caribbean Court of Appeal in the British Virgin Islands (the "Court of Appeal") against the judgment issued by the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands (the "High Court") on March 3, 2021 in relation to the litigation filed by IsZo Capital LP against the Company together with Greater Sail Limited and West Ridge Investment Company Limited on October 4, 2021 (the "Dismissal"). A consequential hearing regarding the Dismissal was conducted on October 6, 2021 at which the Court of Appeal directed, among other things, that the Company may file application(s) to the Court of Appeal within 7 days of the direction, i.e.

Nam Tai Issues Statement in Connection with its Appeal Against the Judgment dated March 3, 2021

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo” or “we”), which beneficially owns approximately 15% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), is pleased that the Eastern Caribbean Court of Appeal (the “Court of Appeal”) has dismissed Nam Tai's appeal against the Eastern Caribbean Supreme Court's (the “Court”) March 2021 decision to void the Company's October 2020 $170 million private placement with Ka

IsZo Capital Pleased by Dismissal of Nam Tai's Appeal of March 2021 Court Ruling That Voided the Company's $170 Million Private Placement

SHENZHEN, China, Sept. 14, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE: NTP) is pleased to announce that Nam Tai Investment (Shenzhen) Co., Ltd.

Nam Tai Property Inc. Secured a Loan Facility of Approximately US$164 Million to Address Its Liquidity Issues

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo” or “we”), which beneficially owns over 15% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), today commented on the Company's entry into a new loan facility. Based on information available through public databases in China, it appears that through its subsidiary, Nam Tai entered into a new loan facility for RMB 1.06 billion (more than $164 million) with the Shen

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