Nam Tai Property Inc. (NTP)

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

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.

SHENZHEN, China, and TORTOLA, British Virgin Islands, October 4, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) is to provide an update on 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 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 Court of Appeal handed down a judgment holding that, among other things, the private placement previously announced by the Company on October 5, 2020 was ineffective and void, and the Court of Appeal dismissed the Company's appeal except to the extent that the appeal against the conclusion that the Company's directors acted in breach of section 120(1) of the BVI Business Companies Act 2004 is allowed.

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

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

SHENZHEN, China, Aug. 6, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE: NTP) today is pleased to announce that the Company (through its subsidiary) obtained the pre-sale permits for towers 1, 2 and 6 of Nam Tai • Longxi on July 30, 2021. The Company commenced the pre-sale of the first batch of approximately 260 residential units which are equivalent to 27,899 square meters on August 6, 2021 (the "Unit(s)").

Nam Tai Property Inc. (NTP) Q2 2021 Results - Earnings Call Transcript

SHENZHEN, July 29, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced its unaudited financial results for the quarter ended June 30, 2021. SUMMARY All of our PRC lenders have demanded us to repay their respective outstanding loans immediately due to the significant uncertainty on share ownership and the potential changes in the Board of Directors of the Company.

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo”), which beneficially owns approximately 13.1% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), today provided an update regarding the Company's appeal to the Eastern Caribbean Court of Appeal (the “Court of Appeal”) of the Eastern Caribbean Supreme Court's (the “Court”) ruling against Nam Tai, Kaisa Group Holdings Limited's (HKG: 1638) (“Kaisa”) wholly-owned su

The Chinese real estate manager posted solid earnings, magnified by an ongoing battle with activist investors.

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo”), which beneficially owns approximately 13.1% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), today provided two notable updates pertaining to its efforts to reconstitute the Company's Board of Directors (the “Board”). First, IsZo secured alternative financing for potentially covering Nam Tai's debt. Second, the Eastern Caribbean Court of Appeal (the “Court of

SHENZHEN, China, April 29, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced its unaudited results for the first quarter ended March 31, 2021. KEY HIGHLIGHTS In the quarter ended March 31, 2021: Revenue was $69.0 million in the first quarter of 2021, an increase of $68.3 million year-on-year.

NEW YORK--(BUSINESS WIRE)--IsZo Capital Management LP (together with its affiliates, “IsZo”), which beneficially owns approximately 14.1% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), today commented on the order issued by the Eastern Caribbean Court of Appeal (the “Court of Appeal”) in connection with the Company's appeal of the Eastern Caribbean Supreme Court's (the “Court”) ruling against Nam Tai, Kaisa Group Holdings Limited's (HKG: 1638) (“Kai

SHENZHEN, China , April 21, 2021 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced that the Eastern Caribbean Court of Appeal in the British Virgin Islands (the "Court") has granted an order ("Order") postponing the Special Meeting previously scheduled for April 26, 2021. The Court's Order was issued in connection with the Company's appeal against the order of Justice Adrian Jack of March 3, 2021, in which he held that the private placement previously announced by the Company on October 5, 2020 was void and should be set aside.