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Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court

Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court News provided by Share this article Share this article SHENZHEN, China, April 7, 2021 /PRNewswire/ Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today announced the filing of an application to appeal the March 3, 2021 judgment issued by the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands (the Court ). The judgment held that the private placement previously announced by the Company on October 5, 2020 was void and should be set aside. The Company appeals on the basis that the judgment discloses a number of significant errors and, in particular, a demonstrable failure to take account of important evidence.

Nam Tai Property Releases Investor Presentation and Completion of Third-Party Valuation Reports

Independent valuations affirm the underlying value of Nam Tai s real estate assets SHENZHEN, China, April 7, 2021 /PRNewswire/  Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today released an investor presentation highlighting the fundamental value of its assets and a clear path for future growth. The Company also announced the completion of third-party valuations of its properties by Savills Real Estate Valuation (Guangzhou) Limited ( Savills ) and Jones Lang LaSalle ( JLL ), resulting in an asset value of approximately RMB 5.7 billion ($880 million), which equates to a net asset value of approximately $18 per share, including balance sheet adjustments. The independent valuations completed in April 2021, includes Nam Tai s six major properties: Nam Tai Inno Park, Nam Tai Technology Center, Nam Tai Inno Valley, Nam Tai Longxi, offices in Zhuoyue Baozhong Times Square, and Wuxi Facilities.

Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court

Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court
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