FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For News Releases of:
January 21, 2003
January 14, 2003
January 13, 2003
January 6, 2003
December 30, 2002
December 19, 2002
December 16, 2002
December 10, 2002
November 27, 2002
November 18, 2002
NAM TAI ELECTRONICS, INC.
(Registrant's name in English)
15th Floor, China Merchants Tower, Shun Tak Centre
168-200 Connaught Road Central, Hong Kong
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
Appoints Mr. Oshik Kong as Sales and Marketing Director
VANCOUVER, CANADA January 21, 2003 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI; NYSE Symbol: NTE (as of Jan 23/03); CBOE
Symbol: QNA) today announced the appointment of Mr. Oshik Kong as Nam Tai's
Sales and Marketing Director for further business expansion. Mr. Kong will be
responsible for marketing and business development. Mr. Kong has over 24 years
of sales and marketing experience in electric, electronic and home appliance
goods in the world's leading Korean based electronics company, LG Electronics.
He has a proven track record of establishing worldwide subsidiaries, management,
strategic planning and business development in the United States, Europe, South
America and Greater China.
Before joining Nam Tai, Mr. Kong served as the Vice President and General
Manager of LG Electronics' IT Overseas Sales Division. During his 24 years with
LG Electronics, he held a variety of leadership positions in LG Electronics'
divisions and subsidiaries, which included Color Monitor Business Division, New
Business Development Division and Europe Operation. He also held senior
positions in a subsidiary of LG Electronics in the United Kingdom and its Hong
Kong branch office. His outstanding performance assisted LG Electronics in
securing various achievements in the industry including achieving in 2001 15%
sales growth to reach an annual export sales record of US$3 Billion and doubling
the sales volume of LG brand optical storage driver over the prior year period.
As a result, LG Electronics' No.1 market share position on color monitors and
optical storage products increased from 7 countries in 2000 to 15 countries in
2001.
"Nam Tai is pleased to welcome Mr. Kong from Korea to join its big family. With
his distinguished track record and extensive experience in sales and marketing
electronics related products, we believe that Mr. Kong's contribution will be a
significant asset to a continually growing multinational company like Nam Tai,"
commented Mr. Tadao Murakami, Nam Tai's Chairman. "In line with our corporate
strategy of business expansion, Nam Tai would like to invite more industry
professionals and expertise from all over the world to further strengthen our
multinational management team. An experienced multinational management team is
definitely one of Nam Tai's competitive advantages. We believe that utilizing
the strengths of the individual cultures within our multinational expertise
greatly benefits the Company. In addition, with the establishment of such a
strong worldwide network, Nam Tai expects to further enhance both its horizontal
and vertical business development in the future."
Fourth Quarter Results and Analyst Conference Call
Nam Tai will release its unaudited fourth quarter results for the period ended
December 31, 2002 at the close of the market on Friday, February 14, 2003. The
Company will hold a conference call on Tuesday, February 18, 2003 at 10:00 a.m.
Eastern Time for analysts to discuss the fourth quarter results with management.
Analysts who wish to participate on this conference call should contact the
Investor Relations Office at 1-800-661-8831 no later than 6:00 p.m. Eastern Time
on Friday, February 14, 2003 to register and obtain the toll-free dial-in
number.
Shareholders, media, and interested investors are invited to listen to the live
conference call over the Internet by going to
http://www.namtai.com/news/news.htm and clicking on the conference call link or
over the phone by dialing 612-288-0318 just prior to its start time. Users will
be asked to register with the conference call operator.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules, wireless communication terminals and their modules, transformers
and LCD panels. The Company utilises advanced production technologies such as
chip on board (COB), chip on glass (COG), chip on film (COF), surface mount
technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer
lead bonding (OLB) technologies. Further information is available at
www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
AOL Required to Disclose Identity of Internet Chatroom Poster
VANCOUVER, CANADA January 14, 2003 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI; NYSE Symbol: NTE (as of Jan 23/03); CBOE
Symbol: QNA) today announced that the Supreme Court of Virginia denied a
petition for rehearing by America Online, Inc. of an earlier ruling requiring
AOL to disclose to Nam Tai the identity of one of AOL's subscribers.
In 2001 Nam Tai filed a complaint in state court in California against unknown
internet chatroom posters claiming that certain posters committed libel and
violated California's unfair business practices statute. Nam Tai was able to
obtain the e-mail address of one of the posters and then obtained a subpoena
from a Virginia state court to AOL seeking the name behind the e-mail address.
AOL filed a motion to have the order quashed, but in August 2001, a trial court
in Virginia refused to quash the subpoena. On November 1, 2002 the Supreme Court
of Virginia affirmed the trial court's ruling and on January 10, 2003, AOL's
petition for a rehearing was denied. AOL's only recourse is to seek review by
the U.S. Supreme Court.
"We are pleased with today's decision and hope that we will finally be provided
with the true identity of the poster against whom we have filed a claim in
California," commented Mr. Tadao Murakami, Nam Tai's Chairman. "In order to
protect the Company's reputation, something that is particularly important for a
publicly-listed company, Nam Tai needs to determine the source of, and the
intention for, the offending internet postings. We must be given the opportunity
to dispute all false and misleading statements in the U.S. courts to protect Nam
Tai's image."
Mr. Murakami further indicated that "Nam Tai is a great believer in freedom of
speech. However, freedom of speech can not be used as a tool to mislead
investors and cause harm to a company and anyone without any accountability or
avenues of recourse."
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules, wireless communication terminals and their modules, transformers
and LCD panels. The Company utilises advanced production technologies such as
chip on board (COB), chip on glass (COG), chip on film (COF), surface mount
technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer
lead bonding (OLB) technologies. Further information is available on Nam Tai's
web site at www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
Takes an Equity Stake in a Wireless Solution Company
VANCOUVER, CANADA January 13, 2003 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI; NYSE: NTE (starts Jan 23/03); CBOE
Symbol QNA) today announced that it would further expand its business to include
wireless communication technology and related products. Nam Tai has made a
strategic investment of $10 million by subscribing for a 25% shareholding in
Alpha Star Investments Limited ("Alpha Star"), a British Virgin Islands company,
which is the ultimate holding company of the Hong Kong based JCT Wireless
Technology Company Limited ("JCT"), a company engaged in the design, development
and marketing of wireless communication terminals and killer wireless
application software.
JCT is Nam Tai's first customer for wireless communication terminals and their
modules. JCT currently leverages Texas Instruments' advanced wireless technology
platform and system expertise from UbiNetics Limited ("UbiNetics") to provide
total wireless solutions. Texas Instruments Incorporated is the world leader in
digital signal processing and analog technologies. Texas Instruments' wireless
technology portfolio coupled with over 10 years systems expertise delivers
processing solutions with optimal balance of performance and power efficiency.
UbiNetics is an United Kingdom company, born out of the technological arm of PA
Consulting Group ("PA"), a world-leader in telecommunication practice with the
benefit of over ten years industry experience. UbiNetics has 340 employees at
PA's UK Cambridge Technology Centre with offices around the world.
After the transaction, JCT will focus on the killer wireless application
software development and related wireless product design, advanced technology
R&D, product sales and marketing and customer support while Nam Tai will assume
a major role in the production of the wireless communication terminals and their
modules for JCT.
"This new investment represents the recognition and satisfaction of our
production capabilities by our customers," said Mr. Tadao Murakami, Chairman of
Nam Tai. "It also represents a big leap for Nam Tai in the worldwide wireless
communication technology industry. We are pleased to have the opportunity to
work with these leading technology companies to jointly develop the wireless
communication terminals business. With such strong technical support, 2003 will
hopefully be a fruitful year for Nam Tai, in terms of both business development
and sales."
Fourth Quarter Dividend
Nam Tai's fourth quarter dividend of $0.12 per share will be paid on January 21,
2003 to all shareholders of record as of December 31, 2002.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules, wireless communication terminals and their modules, transformers
and LCD panels. The Company utilises advanced production technologies such as
chip on board (COB), chip on glass (COG), chip on film (COF), surface mount
technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer
lead bonding (OLB) technologies. Further information is available on Nam Tai's
web site at www.namtai.com.
Except for the historical information contained herein, matters discussed in
this press release may contain forward-looking statements. For example, the
statement regarding the business development and turnover of 2003 are forward
looking statements that are subject to the actual amount of orders received from
JCT and other businesses of the Company. Other factors that might cause
differences in these and the other forward looking statements, include those
discussed in the Company's reports filed with the Securities and Exchange
Commission from time to time, such as the factors set forth in Item 3 "Key
Information - Risk Factors" in the Company's Annual Report on Form 20-F for the
year ended December 31, 2001.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
To List on the New York Stock Exchange
VANCOUVER, CANADA January 6, 2003 -- Nam Tai Electronics, Inc. ("Nam Tai" or the
"Company") (NASDAQ/NM Symbol: NTAI; CBOE Symbol: QNA; Future NYSE Symbol: NTE)
today announced that it will transfer its stock listing to the New York Stock
Exchange ("NYSE") from the NASDAQ Stock Market. Nam Tai's stock will begin
trading on the NYSE under the stock ticker symbol "NTE" on Thursday, January 23,
2003. Concurrent with the NYSE listing, Nam Tai's shares will be withdrawn from
the NASDAQ. The Company will continue to trade on the NASDAQ until the transfer
date.
"The Exchange is privileged to welcome Nam Tai Electronics to its family of
listed companies," said New York Stock Exchange Chairman and CEO Dick Grasso.
"As a leading technology enterprise with global reach, Nam Tai's decision to
list on the world's leading equities market serves the missions of both
organizations. We look forward to an outstanding partnership with Nam Tai and
its shareholders."
The New York Stock Exchange is the world's leading and most technologically
advanced equities market with a market capitalization exceeding $13.4 trillion.
A New York Stock Exchange listing provides qualifying companies with the
broadest access to investors, the greatest market depth and liquidity,
cost-effective access to capital, the highest visibility and the fairest
pricing. Investors choose to invest in NYSE listed companies as the requirements
for obtaining and maintaining a listing on the Exchange, including standards
relating to protecting interests, are more rigorous than those of any other
market.
Nam Tai was founded in 1975 as an electronics trading company. Since then it has
continually grown and upgraded its capabilities. When it listed as a small cap
on NASDAQ in 1988 Nam Tai was known as a quality manufacturer of calculators and
other lower technology consumer electronic products. Today, from its
state-of-the-art manufacturing facilities in Shenzhen, China, Nam Tai
manufactures high-end, high technology products and components, including LCD
modules and RF modules for mobile phones.
Since its IPO in 1988, Nam Tai's annual sales have increased from $26.6 million
to $230.0 million in 2001 (18% CAGR). Net income over the same period increased
from $0.7 million to $9.0 million in 2001 (22% CAGR). During this time Nam Tai
has been consistently profitable and has rewarded shareholders with nine
consecutive years of increasing dividends ($0.48 per share in 2002).
"As a result of our Company's dedication to continual improvement we have
achieved steady growth since our initial public offering in 1988 and are now
pleased that we meet the New York Stock Exchange's stringent listing
requirements," commented Mr. Tadao Murakami, Nam Tai's Chairman. "We anticipate
that the listing on the New York Stock Exchange will increase our visibility in
North America, attract new investors, and ultimately lower the Company's cost of
capital and support continued growth. We greatly appreciate and acknowledge the
support that we have received from the NASDAQ over the years."
Change of Auditors
Nam Tai also announced that in line with its move to New York Stock Exchange,
Nam Tai has changed its auditors to Grant Thornton from HLB Hodgson Impey Cheng.
Grant Thornton is one of the world's leading organizations of accountants and
business advisers with 650 offices in more than 110 countries. Grant Thornton
has a strong U.S. base, and is rated the fifth largest accounting firm in the
United States of America. Grant Thornton serves approximately 400 publicly held
companies in the U.S., including NYSE listed companies. It has local office
partners and U.S. national office resources dedicated to compliance with the
rules and regulations of the Securities and Exchange Commission (SEC).
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules and RF modules for mobile phones, transformers and LCD panels. The
Company utilises advanced production technologies such as chip on board (COB),
chip on glass (COG), chip on film (COF), surface mount technology (SMT), ball
grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB)
technologies. Further information is available on Nam Tai's web site at
www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
New Transfer Agent
VANCOUVER, CANADA December 30, 2002 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI; CBOE Symbol: QNA) today announced that
it has appointed Registrar and Transfer Company as its new transfer agent,
registrar, and dividend agent. This change is effective as of December 30, 2002.
Registrar and Transfer Company was formed in 1899 and is headquartered in
Cranford, New Jersey. It has significant experience in all aspects of securities
processing.
Shareholders seeking information regarding stock transfer, lost certificates,
address changes, registration of shares to reflect a change of name or gift of
stock, and dividend payments may contact Registrar and Transfer Company by
letter or phone call to the following address:
Registrar and Transfer Company
10 Commerce Dr.
Cranford, New Jersey 07016-3572
Telephone: 1-800-368-5948
E-mail: info@rtco.com
Internet address: www.rtco.com
Nam Tai would like to express its deep thanks to its previous transfer agent,
U.S. Stock Transfer Corporation, based in Glendale California, for many years of
excellent and loyal service.
Dividend Reminder
The Company will pay the regular fourth quarter dividend of $0.12 per share to
shareholders of record at the close of business on December 31, 2002 with a
payment date of January 21, 2003.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules and RF modules for cellular phones, transformers and LCD panels. The
Company utilises advanced production technologies such as chip on board (COB),
chip on glass (COG), chip on film (COF), surface mount technology (SMT), ball
grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB)
technologies. Further information is available on Nam Tai's web site at
www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
TCL Mobile Sold 650,856 Handsets in November to Beat Company Forecast
VANCOUVER, CANADA December 19, 2002 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI; CBOE Symbol: QNA) today announced that
mobile phone maker TCL Mobile Communication Co. Ltd. ("TCL Mobile") exceeded its
sales forecast by selling 650,856 handsets in November 2002, a 13% increase
compared to 577,890 handsets sold in October 2002, according to the latest
unaudited company figures. TCL Mobile has now sold 5.3 million handsets for the
first 11 months of 2002 surpassing its 2002 target of 5 million handsets.
"Nam Tai is very pleased to see TCL Mobile's continuing growth and outstanding
performance in today's competitive handsets business. As both a TCL Mobile
investor and a supplier we strongly believe that Nam Tai will benefit from TCL
Mobile's growth and create business opportunities in the blooming mobile
industry in the PRC market," commented Mr. Tadao Murakami, Nam Tai's Chairman.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules and RF modules for cellular phones, transformers and LCD panels. The
Company utilises advanced production technologies such as chip on board (COB),
chip on glass (COG), chip on film (COF), surface mount technology (SMT), ball
grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB)
technologies. Further information is available on Nam Tai's web site at
www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
TCL Mobile Rated Asia's Fastest Growing Technology Company
VANCOUVER, CANADA December 16, 2002 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI; CBOE Symbol: QNA) today announced that
mobile phone maker TCL Mobile Communication Co. Ltd. ("TCL Mobile") has been
rated Asia's fastest growing technology company over the past three years by the
accounting firm Deloitte Touche Tohmatsu. TCL Mobile, which only began making
mobile phones in 1999, saw revenues increase by 263 times since 2000 as it has
grown to become China's No. 1 domestic brand and third overall behind Nokia and
Motorola. In the first 10 months of 2002, TCL Mobile sold 4.7 million handsets
and holds a 12.15% share of the mainland China market. Sales for the first eight
months of 2002 were reported to be approximately $550 million, with profits of
$88 million.
"Being a LCD modules supplier and a shareholder of TCL Mobile, we are proud to
see TCL Mobile has such achievement in the region. With our close relationships
with TCL Group, we strongly believe that Nam Tai will grow with TCL and capture
the extensive business opportunities in this fast growing mobile communications
industry," commented Mr. Tadao Murakami, Nam Tai's Chairman.
In the fourth quarter of 2002, TCL Mobile began placing orders for Nam Tai to
supply mobile phone LCD modules. These LCD modules are used by TCL Mobile in the
production of mobile phones sold under the TCL brand name. Nam Tai holds a
3.033% interest in TCL Mobile and a 6% interest in its parent Company TCL
Corporation.
The TCL Group is controlled by TCL Corporation, a PRC state-owned enterprise
that has extensive sales and distribution channels in China. TCL Corporation's
scope of business includes the import and export of raw materials, the design,
manufacturing, and sales and marketing of telephones, VCD players, color
television sets, mobile phones and other consumer electronic products.
Dividend Reminder
The Company will pay the regular fourth quarter dividend of $0.12 per share to
shareholders of record at the close of business on December 31, 2002 with a
payment date of January 21, 2003.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules and RF modules for cellular phones, transformers and LCD panels. The
Company utilises advanced production technologies such as chip on board (COB),
chip on glass (COG), chip on film (COF), surface mount technology (SMT), ball
grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB)
technologies. Further information is available on Nam Tai's web site at
www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
TCL Brand Name Evaluation: Ranks 6th in China at $2.3 Billion
VANCOUVER, CANADA December 10, 2002 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI; CBOE Symbol: QNA) today announced
results of a report released by Beijing Famous-Brand Evaluation Co., Ltd. on
Chinese brand name values in 2002. The report ranked the TCL brand name as the
6th most valuable Chinese brand name in The People's Republic of China ("PRC")
at $2.3 Billion, an increase of approximately 30% compared to the prior year
evaluation. Nam Tai holds a 6% equity interest in TCL Corporation since February
2002.
"Following our recent realization of 15 times return from part of our investment
in TCL Mobile, one of the subsidiaries of TCL Group, Nam Tai is very pleased to
see the high ranking and valuation of the TCL brand name, confirming the
potential value of our strategic investments in TCL Group", commented Mr.
Murakami, Nam Tai's Chairman.
The TCL Group is controlled by TCL Corporation, a PRC state-owned enterprise
that has extensive sales and distribution channels in China. TCL Corporation's
scope of business includes the import and export of raw materials, the design,
manufacturing, and sales and marketing of telephones, VCD players, color
television sets, mobile phones and other consumer electronic products.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules and RF modules for cellular phones, transformers and LCD panels. The
Company utilises advanced production technologies such as chip on board (COB),
chip on glass (COG), chip on film (COF), surface mount technology (SMT), ball
grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB)
technologies. Further information is available on Nam Tai's web site at
www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
Raises $29.8 Million on Exercise of Warrants
VANCOUVER, CANADA November 27, 2002 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI) today announced that the Company raised
approximately $29.8 million from the exercise of 1,460,655 Warrants. The
Warrants, which expired on November 24, 2002, allowed holders to acquire one Nam
Tai Common Share at $20.40 per share. The Company as part of its 1997 Rights and
Standby Offering issued approximately 3 million Warrants.
$1.00 Per Common Share Special Dividend Reminder
A special dividend of $1.00 per common share will be paid on December 6, 2002 to
shareholders of record at the close of business on November 29, 2002.
In addition to the special dividend of $1.00 per share, the Company will pay the
regular fourth quarter dividend of $0.12 per share to shareholders of record at
the close of business on December 31, 2002 with a payment date of January 21,
2003.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules and RF Modules for cellular phones, transformers and LCD panels. The
Company utilises advanced production technologies such as chip on board (COB),
chip on glass (COG), chip on film (COF), surface mount technology (SMT), ball
grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB)
technologies. Further information is available on Nam Tai's web site at
www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
Final Reminder of Warrant Expiration
VANCOUVER, CANADA November 18, 2002 -- Nam Tai Electronics, Inc., ("Nam Tai" or
the "Company") (NASDAQ/NM Symbol: NTAI and NTAIW; CBOE Symbol: QNA) today
reminded Warrant holders that its Warrants expire on Sunday, November 24, 2002
at 5:00 p.m. Eastern Time. Each Warrant is exercisable to purchase one Common
Share of Nam Tai at a price of $20.40 per share.
The Warrants may be exercised before 5:00 p.m. Eastern Time on November 24, 2002
by presenting the Warrant certificate with the duly executed Purchase Form and
simultaneous payment of the Warrant Price of $20.40 per share to the Warrant
Agent, U.S. Stock Transfer Corporation at 1745 Gardena Avenue, Second Floor,
Glendale, California, 91304, USA. Payment of the Warrant Price must be paid in
full in cash, by certified check or bank draft payable in United States
currency. Warrants not exercised before 5:00 p.m. Eastern Time on November 24,
2002 shall become void. Public trading of Warrants on the NASDAQ will cease
after the close of trading on Friday, November 22, 2002.
As of September 30, 2002 there were 3,053,659 Warrants outstanding. The Warrants
are traded on the NASDAQ National Market under the ticker symbol NTAIW.
$1.00 Per Share Special Dividend Reminder
A special dividend of $1.00 per common share will be paid on December 6, 2002 to
shareholders of record at the close of business on November 29, 2002.
In addition to the special dividend of $1.00 per share, the Company will pay the
regular fourth quarter dividend of $0.12 per share to shareholders of record at
the close of business on December 31, 2002 with a payment date of January 21,
2003.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules and RF modules both for mobile phones, transformers and LCD panels.
The Company utilizes advanced production technologies such as chip on board
(COB), chip on glass (COG), chip on film (COF), surface mount technology (SMT),
ball grid array (BGA), tape automated bonding (TAB), and outer lead bonding
(OLB) technologies. Further information is available on Nam Tai's web site at
www.namtai.com.
The Registrant hereby incorporates this Report on Form 6-K into its Registration
Statements on Form F-3 (Registration Nos. 333-36135 and 333-58468).
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
Undersigned thereunto duly authorized.
For and on behalf of
Nam Tai Electronics, Inc.
/s/ MING KOWN KOO
-----------------------
MING KOWN KOO
CHIEF FINANCIAL OFFICER
Date: January 21, 2003