Nam Tai Property Comments on ISS and Glass Lewis Reports
ISS, Glass Lewis Both Determine a Change in Board Control is Not Warranted
Both Proxy Advisors Cite Dissident s Plan Lacks Sufficient Detail
Nam Tai Urges Shareholders to Protect the Value of Their Investment by Voting AGAINST Resolutions 1 Through 12 on the WHITE Proxy Card
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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.
Nam Tai Property Comments on ISS and Glass Lewis Reports streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court
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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.
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 : Releases Investor Presentation and Completion of Third-Party Valuation Reports marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.