Nam Tai Property Said on June 8, British Virgin Islands Court Held a Hearing on Application for a Stay, Entered Judgment in Favor of West Ridge in Amount of $23.8M
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Nam Tai Property Inc. (OTC Expert Market: NTPIF) ("Nam Tai" or the "Company") today provided the following corporate updates: Efforts to Obtain On-Shore Control – Nam Tai's reconstituted Board of Directors (the "Board") continues to engage in productive discussions with local policymakers and regulators, while also working with legal counsel to pursue claims, across multiple jurisdictions, against Wang Jiabiao, Zhang Yu, Greater Sail Limited and Kaisa Group Holdings Limited (collectively with its affiliates, "Kaisa"). These efforts are intended to help the Board obtain the seals for the Company's Chinese subsidiaries and prevent Kaisa and its allies from continuing to destabilize local af
Intermediate Court's Decision Affirms the Qianhai Court's Jurisdiction to Order Freezing the Bank Accounts and Assets of Mr. Wang and Ms. Zhang, Who Are Long-Standing Affiliates of Kaisa 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") in the fourth quarter of 2021. The Intermediate
Qianhai Court Previously Ordered That Mr. Wang and Ms. Zhang – Who Have Long-Standing Ties to Kaisa Group – Were Prohibited from Using Corporate Chops and Business Licenses 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 corporate chops and business licenses of Nam Tai Investment (S
6-K - NAM TAI PROPERTY INC. (0000829365) (Filer)
6-K - NAM TAI PROPERTY INC. (0000829365) (Filer)
6-K - NAM TAI PROPERTY INC. (0000829365) (Filer)
-Reuters
-Bloomberg
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 having a deep understanding of China and its various markets, Mr. Zhou possesses additive experience in corporate governance and real estate. He also has valuable knowledge of China's business and public sectors. I also want to take th
Files Claim Alleging Greater Sail has Conspired with Terminated CEO Wang Jiabiao and Terminated NTI Supervisor Zhang Yu to Hinder a Transition of On-Shore Control Shares Updates on Court Orders Handed Down on January 31, 2022, Including an Order Enjoining Greater Sail From Obstructing the New Board's Efforts to Assume On-Shore Control 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
Adopts One-Year Shareholder Rights Plan Receives Notice That Deutsche Bank has Foreclosed on All Shares Previously Held by Greater Sail, a Wholly-Owned Affiliate of Kaisa Group Confirms Termination of All Kaisa-Appointed Executives and Legal Representatives Retains Legal Counsel to Support Assessment of Validity of Recent Special Meeting Requisition Nam Tai Property Inc. (NYSE:NTP) ("Nam Tai" or the "Company") today provided a series of corporate updates, including that it has entered into a one-year shareholder rights plan (the "Rights Plan"). The Rights Plan, which is effective immediately and will expire no later than December 13, 2022, unless renewed, was unanimously approved by th
Issues Open Letter to Jefferies Board of Directors and Senior Management, Including Chief Executive Officer Richard Handler and President Brian Friedman Asserts Jefferies and Senior Employees Committed Fraud Against and Have Stolen Significant Cash Belonging to IsZo and its Clients Contends Jefferies Utilized Positions That No Longer Exist to Systematically Steal Money from IsZo Through Illegal Short Rebate Charges, Margin Interest Charges and Cash Collateral Requirements Intends to Provide Information to SEC and NYAG to Encourage Investigation into Actions of Jefferies and its Employees "It's No Wonder That Truth is Stranger Than Fiction. Fiction has to Make Sense." – Mark Twain IsZo
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. The real estate sector is experiencing an extremely challenging financing and operating environment, and there have been a number of high profile defaults reported in the media. Loans to the real estate sector decreased 8.4% year-on-year for the first nine months of 2021. The Company is also facing similar difficulties, including a slowdown in deman
NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo” or “we”), which beneficially owns approximately 13% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), today announced that it has mailed the below letter to its fellow shareholders ahead of the upcoming court-ordered meeting of shareholders (the “Special Meeting”) scheduled to take place on April 26, 2021. The Special Meeting will provide shareholders the opportunity to reconstitute the Company’s Board of Directors by removing a majority of the incumbents, who were found to have breached their fiduciary duties by the Eastern Caribbean Supreme Court,
SC 13G/A - NAM TAI PROPERTY INC. (0000829365) (Subject)
SC 13G/A - NAM TAI PROPERTY INC. (0000829365) (Subject)
SC 13D/A - NAM TAI PROPERTY INC. (0000829365) (Subject)