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

The current Board and management 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. Shareholders are urged to vote AGAINST the removal of the current directors and AGAINST the appointment of IsZo's nominees on or before November 30, 2021, at 9:00 a.m. Eastern Time, 10:00 p.m. PRC time. SHENZHEN, China and TORTOLA, British Virgin Islands, Nov. 17, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today issued the following statement reiterating to shareholders its recommendati

SHENZHEN, China, April 12, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today issued the following statement in response to the reports issued by Institutional Shareholder Services Inc. ("ISS") and Glass Lewis regarding the election of directors to Nam Tai's Board of Directors at the Company's upcoming Special Meeting on April 26, 2021. ISS, Glass Lewis Both Determine a Change in Board Control is Not Warranted We are pleased that ISS and Glass Lewis recognize the risks associated with IsZo gaining control of the Board. ISS notes that the dissident's plan lacks sufficient detail to support its critiques of the Company's performance. Additionally,

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo”), a long-term shareholder of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) with beneficial ownership of approximately 11% of the Company’s outstanding shares,1 today issued the below letter to shareholders regarding its lawsuit in the Eastern Caribbean Supreme Court against Nam Tai, Kaisa Group Holdings Limited’s (HKG: 1638) wholly-owned subsidiary Greater Sail Limited and West Ridge Investment Company Limited. In an effort to continue providing shareholders with transparency into our efforts at Nam Tai and address the many questions we have received since commencing litigat

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

Qianhai Court Orders That Wang and Zhang – Who Were Terminated by the Company's Recently Reconstituted Board of Directors – are 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 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 the Company, during ongoing litigation. Mr. Wa

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

Announces Agreements with IAT Insurance Group and IsZo Capital Management, who are Funding an Unsecured Debt Facility to Provide the Company Immediate Capital and Liquidity Without Equity Dilution Contends Kaisa Group, Which has Disclosed Defaulting on its own Corporate Obligations, is Placing Nam Tai's Stakeholders at Risk and Undermining Stability in Local Communities Reiterates Kaisa Group Ally Jiabiao Wang was Terminated as CEO and Replaced as Legal Representative in December 2021, Meaning his Ongoing Interference in Nam Tai's Affairs is Unauthorized and Unlawful The Board of Directors of Nam Tai Property Inc. (NYSE:NTP) today provided a series of corporate updates via the below open

Questions Why Jefferies' Board Refuses to Intervene After Being Notified That the Bank Is Illegitimately Withholding Funds from a Client as Security Against Positions that Legally No Longer Exist Website Detailing Jefferies' Numerous Misdeeds Can Be Viewed at www.JefferiesFraud.com IsZo Capital Management LP (together with its affiliates, "IsZo" or "we") today issued the below letter to Jefferies Financial Group, Inc.'s (NYSE:JEF) (together with its affiliates, "Jefferies") Board of Directors. The letter pertains to the statement of claim and arbitration proceeding that IsZo has initiated against Jefferies, pursuant to Rule 12200 of the Financial Industry Regulatory Authority ("FINRA") Co

 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