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    SEC Form SC 13D/A filed by Nam Tai Property Inc. (Amendment)

    4/10/23 1:09:04 PM ET
    $NTP
    Industrial Machinery/Components
    Capital Goods
    Get the next $NTP alert in real time by email
    SC 13D/A 1 brhc10051235_sc13da.htm SC 13D/A
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
     
    SCHEDULE 13D/A
     
    Under the Securities Exchange Act of 1934
    (Amendment No. 2)*
     
    Nam Tai Property Inc.
    (Name of Issuer)
     
    COMMON SHARES, $0.01 PAR VALUE
    (Title of Class of Securities)
     
    629865 205
    (CUSIP Number)
     
    IAT Reinsurance Company Ltd.
    Attn: David Pirrung
    4200 Six Forks Road
    Suite 1400
    Raleigh, NC 27609
    (919) 833-1600
     
    Baker McKenzie LLP
    Attn: Mark Mandel and Thomas Rice
    452 Fifth Avenue
    New York, NY 10018
    (212) 626-4100
     
    (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

    April 5, 2023
    (Date of Event Which Requires Filing of this Statement)
     
    If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

    Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
     
    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

    The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
     


    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Peter R. Kellogg
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): N/A
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    PF
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    United States of America
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    200,000
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    12,533,246
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    200,000
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    12,533,246
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    12,733,246
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    22.90%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IN
     
     
     
     
     

    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Goose Creek Capital, Inc.
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 81-4619377
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    N/A1
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of Wyoming
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    11,111,252
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    11,111,252
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    11,111,252
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    19.99%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    CO
     
     
     
     
     
    1 Goose Creek Capital, Inc. has not purchased any shares directly and does not own any shares directly.


    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Cynthia Kellogg
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): N/A
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    PF
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    United States of America
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    1,208,994
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    1,208,994
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    1,208,994
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    2.17%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IN
     
     
     
     


    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Kellogg Family Trust
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 37-6495327
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of Florida
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    200,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    200,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    200,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    0.36%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     
     

    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Myth & Barnegat Restoration Society
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 45-5575835
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of New Jersey
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    10,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    10,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    10,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    0.02%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     
     

    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Kirkland Trust "A"
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 65-6147584
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of New Jersey
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    3,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    3,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    3,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    0.01%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    OO
     
     
     
     


    CUSIP No.
    629865 205
     
     
    1
    NAMES OF REPORTING PERSONS
     
     
    IAT Reinsurance Company Ltd.
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 98-0121674
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    Cayman Islands
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    11,111,252
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    11,111,252
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    11,111,2522
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    19.99%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     

    2 IAT Reinsurance Company Ltd. owns 5,306,943 shares directly.


    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    IAT Insurance Group , Inc.
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 56-1171691
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of North Carolina
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    2,479,309
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    2,479,309
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    2,479,3092
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    4.46%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     

    2 IAT Insurance Group, Inc. owns 2,479,309 shares directly.
     

    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Harco National Insurance Company
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 13-6108721
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of Illinois
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    700,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    700,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    700,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    1.26%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     
     

    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    TransGuard Insurance Company of America, Inc.
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 36-3529298
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of Illinois
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    550,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    550,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    550,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    0.99%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     


    CUSIP No.
    629865 205
     
     
    1
    NAMES OF REPORTING PERSONS
     
     
    Commercial Alliance Insurance Company
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 76-0560701
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of Texas
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    150,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    150,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    150,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    0.27%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     


    CUSIP No.
    629865 205
     
     
    1
    NAMES OF REPORTING PERSONS
     
     
    Acceptance Indemnity Insurance Company
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 47-0719425
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of Nebraska
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    600,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    600,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    600,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    1.08%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     


    CUSIP No.
    629865 205
     
     
    1
    NAMES OF REPORTING PERSONS
     
     
    Acceptance Casualty Insurance Company
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 47-0792732
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of Nebraska
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    150,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    150,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    150,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    0.27%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     
     

    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Occidental Fire & Casualty Company of North Carolina
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 84-0513811
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of North Carolina
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    565,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    565,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    565,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    1.02%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     
     

    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    Wilshire Insurance Company
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 56-1507441
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑

    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of North Carolina
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    400,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    400,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    400,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    0.72%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     
     

    CUSIP No.
    629865 205
     

    1
    NAMES OF REPORTING PERSONS
     
     
    International Fidelity Insurance Company
    I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY): 22-1010450
     
     
     
     
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a)
    ☑
     
    (b)
    ☐
     
     
    3
    SEC USE ONLY
     
     
     
     
     
     
     
    4
    SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
     
    OO (See Item 3)
     
     
     
     
    5
    CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)
     
    ☐

     
     
     
     
    6
    CITIZENSHIP OR PLACE OF ORGANIZATION
     
     
    State of New Jersey
     
     
     
     
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
    7
    SOLE VOTING POWER
     
     
    0
     
     
     
     
    8
    SHARED VOTING POWER
     
     
    210,000
     
     
     
     
    9
    SOLE DISPOSITIVE POWER
     
     
    0
     
     
     
     
    10
    SHARED DISPOSITIVE POWER
     
     
    210,000
     
     
     
     
    11
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
     
    210,000
     
     
     
     
    12
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
    ☐

     
     
     
     
    13
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
     
    0.38%
     
     
     
     
    14
    TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
     
    IC
     
     
     
     
     

    EXPLANATORY NOTE
     
    This Amendment to Schedule 13D (this "Amendment 2") relates to common shares, US$0.01 par value ("Common Shares"), of Nam Tai Property Inc., a business company incorporated under the laws of the British Virgin Islands (the "Company"), and amends the report of beneficial ownership originally dated September 11, 2020, and amended on November 30, 2021.  This Amendment 2 is filed to report various transactions that resulted in an increase in the number of shares of Common Stock beneficially owned by the Reporting Persons.

    The Items below amend the information disclosed under the corresponding Items of the Schedule 13D as described below. Except as specifically provided herein, this Amendment No. 2 does not modify any of the information previously reported in the Schedule 13D.

    Item 2.
    Identity and Background

    Item 2 of the Schedule 13D is supplemented by the following:

    The business address of each director and executive officer of IAT Insurance Group, Inc. is 4200 Six Forks Road Suite 1400 Raleigh, NC 27609 and each such person is a citizen of the United States. The defined term "IAT Companies" is revised to include IAT Insurance Group, Inc. The defined term "Covered Person" is revised to include each director and executive officer of IAT Insurance Group, Inc.

    Item 3.
    Source and Amount of Funds or Other Consideration.

    Item 3 of the Schedule 13D is supplemented by the following:

    The Common Shares purchased by IAT Reinsurance Company Ltd. ("IAT") at the Closing (as defined below) pursuant to the Purchase Agreement (as defined below) as described in Item 4 of this Amendment 2 were purchased from general working capital. A total of $5,000,000 was paid to acquire the 2,857,143 Common Shares at the Closing.

    The information included in Item 4 is incorporated by reference into this Item 3 in respect of the additional issuance of 2,479,309 shares to IAT Insurance Group, Inc. (“IATIG”) in exchange for the cancellation of $4,338,791 of the principal and accrued but unpaid interest outstanding under a promissory note between the Company, as borrower, and IATIG, as lender, at a price per share of $1.75 (the "Exchange Transaction").

    Item 4.
    Purpose of Transaction
     
    Item 4 of the Schedule 13D is amended and supplemented by the following:

    Private Placement

    On April 5, 2023, IAT and certain other purchasers (collectively, the "Purchasers") entered into a securities purchase agreement with the Company (the "Purchase Agreement"), pursuant to which the Company agreed, among other things and subject to the terms and conditions set forth in the Purchase Agreement, to issue and sell 2,857,143 Common Shares (the "Purchased Shares") to IAT, in a private placement (the "PIPE Transaction"), at a price of $1.75 per Common Share for an aggregate purchase price of $5,000,000. The PIPE Transaction closed on April 6, 2023 (the "Closing").

    Pursuant to the terms of the Purchase Agreement, promptly following such time as when the Company is able to file registration statements on any available forms with the Securities and Exchange Commission (the "SEC"), the Company and the Purchasers will use their commercially reasonable efforts to enter into a registration rights agreement, in a form to be mutually agreed upon, whereby the Company shall prepare and file with the SEC a registration statement covering the resale of the Purchased Shares and any other Common Shares then held by any Purchaser or any of its affiliates for an offering to be made on a continuous basis pursuant to Rule 415 and to use its commercially reasonable efforts to cause such resale registration statement to be declared effective.

    In connection with the PIPE Transaction, on April 5, 2023, IAT and the other Purchasers, severally and not together with any other Purchaser, entered into a letter agreement with the Company (the "Letter Agreement"), pursuant to which IAT agreed not to take any action that would, directly or indirectly, result in the removal of, or have the effect of removing, Yu Chunhua, the Company’s Chief Executive Officer, as the executive director and legal representative of Nam Tai Investment (Shenzhen) Co. Limited, a subsidiary of the Company in the People’s Republic of China, for a specified length of time.

    Promissory Note Exchange

    On April 5, 2023, the Company and IATIG entered into an Exchange and Amendment Agreement (the "Exchange Agreement") pursuant to which the Company issued 2,479,309 shares to IATIG, in exchange for the cancellation of $4,338,791 of the principal and capitalized interest outstanding under a promissory note between the Company, as borrower, and IATIG, as lender, at a price per share of $1.75.


    In connection with the Exchange Agreement, the parties also amended the original promissory note by entering into an amended and restated promissory note dated April 1, 2023, with IATIG (the “Amended Promissory Note”). The Amended Promissory Note reflects the reduction in principal as discussed above, such that the principal outstanding under the Amended Promissory Note with IATIG is US $12 million. The Amended Promissory Note, among other things, extends the maturity date to January 11, 2026 and provides the Company with the option, on a go forward basis, to pay interest on the loans evidenced by the Amended Promissory Note with Common Shares of the Company calculated at the 30 day volume weighted average price.
     
    The foregoing description is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, the Exchange Agreement and the Amended Promissory Note incorporated by reference as Exhibits to this Schedule 13D/A and incorporated into this Item 4 by reference.

    Item 5.
    Interest in Securities of the Issuer
     
    Item 5 of Schedule 13D is amended and supplemented by the following:

    As of the close of business on April 7, 2023, each the Reporting Persons may be deemed, as a group, to beneficially own an aggregate of 12,733,246 Common Shares, which represents roughly 22.90% of the 55,594,875 Common Shares outstanding as of April 7, 2023, which is the total number of Common Shares outstanding as reported to IAT after giving effect to the PIPE Transaction and the Exchange Transaction.
     
    See rows (11) and (13) of the cover pages to this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons.  The percentages used in this Schedule 13D are calculated based upon 55,594,875 Common Shares outstanding immediately after giving effect to the PIPE Transaction, the Exchange Transaction and certain other transactions as provided by the Company to the Reporting Persons.
     
    See rows (7) through (10) of the cover pages to this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
     
    Other than as described in Item 4, the Reporting Persons did not enter into any transactions in the Common Shares within the past sixty days.
     
    Item 6:
    Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
     
    Item 6 of the Schedule 13D is hereby amended and supplemented by the addition of the following:
     
    The information disclosed in Item 4 is incorporated herein by reference.
     
    Item 7:
    Material to be Filed as Exhibits
     
    Item 7 of the Schedule 13D is hereby supplemented as follows:
     
    Exhibit
     
    Description
    99.1

     Amended Joint Filing Agreement and Power of Attorney of the Reporting Persons
         
    99.2
     
    Securities Purchase Agreement, dated April 5, 2023, by and among Nam Tai Property Inc. and each of those persons listed as a purchaser on the schedule thereto (incorporated by reference to Exhibit 99.1 to the Company’s Current Report on Form 6-K filed on April 7, 2023).
         
    99.3
     
    Exchange and Amendment Agreement, dated April 5, 2023, by and among the Nam Tai Property Inc. and IAT Insurance Group, Inc.  (incorporated by reference to Exhibit 99.3 to the Company’s Current Report on Form 6-K filed on April 7, 2023).
         
    99.4   Letter Agreement, dated April  5, 2023, by and among Nam Tai Property Inc., Oasis Management Company Ltd., IAT Reinsurance Company Ltd., IsZo Capital Management LP and Prescott Group Aggressive Small Cap Master Fund GP. (incorporated by reference to Exhibit 99.2 to the Company’s Current Report on Form 6-K filed on April 7, 2023).
         
    99.5   Amended and Restated Promissory Note, dated April 1, 2023, by and among Nam Tai Property Inc. and IAT Insurance Group, Inc. (incorporated by reference to Exhibit 99.5 to the Company’s Current Report on Form 6-K filed on April 7, 2023).


    SIGNATURES
     
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
     
    Dated: April 7, 2023
     
       
     
    /s/David Pirrung (attorney in fact)
     
    Peter R. Kellogg
       
     
    /s/ David Pirrung (attorney in fact)
     
    Cynthia Kellogg
       
     
    Goose Creek Capital, Inc.
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: Chief Financial Officer
       
     
    IAT Reinsurance Company Ltd.
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: Chief Financial Officer
       
     
    Kellogg Family Trust
       
     
    By:
    /s/ David Pirrung (attorney in fact)
     
    Name: Charles K. Kellogg
     
    Title: Trustee
       
     
    Kirkland Trust "A"
       
     
    By:
    /s/ David Pirrung (attorney in fact)
     
    Name: Cynthia Kellogg
     
    Title: Trustee
       
     
    Harco National Insurance Company
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: President
       
     
    TransGuard Insurance Company of America, Inc.
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: President
       
     
    Commercial Alliance Insurance Company
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: President


     
    Acceptance Indemnity Insurance Company
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: President
       
     
    Acceptance Casualty Insurance Company
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: President
       
     
    Occidental Fire & Casualty Company of North Carolina
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: President
       
     
    Wilshire Insurance Company
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: President
       
     
    International Fidelity Insurance Company
     
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: President
       
     
    Myth & Barnegat Restoration Society
       
     
    By:
    /s/ David Pirrung (attorney in fact)
     
    Name: Peter R. Kellogg
     
    Title: Director
       
     
    IAT Insurance  Group, Inc.
       
     
    By:
    /s/David Pirrung
     
    Name: David Pirrung
     
    Title: Chief Financial Officer



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    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

    6/30/22 8:30:00 AM ET
    $NTP
    Industrial Machinery/Components
    Capital Goods

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

    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

    2/1/22 5:00:00 PM ET
    $NTP
    Industrial Machinery/Components
    Capital Goods

    Nam Tai Property Provides Corporate Updates

     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

    12/13/21 6:15:00 PM ET
    $NTP
    Industrial Machinery/Components
    Capital Goods