Hong Kong Energy (Holdings) Limited

Formerly known as	Until
J.I.C. Technology Company Limited	28-May-08
Albatronics (Far East) Company Limited	4-Jun-02

Nam Tai restructuring proposals
Nam Tai Electronics (NYSE:NTE) has proposed a complex restructuring involving its two HK-listed subsidiaries, JIC (0987) and NTEEP (2633), subject to independent shareholders' approval. Webb-site.com editor David Webb is a significant holder of NTEEP shares. We give our voting opinion on all the transactions by both companies. The meeting is soon, so VOTE NOW. (9-Dec-07)

JICT breaches free float rule
J.I.C. Technology (0987), the little sister of NTEEP, is also in breach of the 25% free float rule after purchases by NTE took it over 75%. (23-May-07, updated 28-May-07)

Nam Tai's Bids and Bounty
We look at the attempt by Nam Tai Electronics (NYSE:NTE) to privatise its HK-listed subsidiaries NTEEP (2633) at a 54% discount to the price at which it floated it last year, and J.I.C. Technology (0987). We also look at NTE's offer of a 1% "commission" to brokers who solicit their clients to accept the offer, conditional on the offer succeeding. By permitting this bounty, the SFC has at a stroke removed the possibility of brokers giving untainted independent advice to clients. That is not in the best interests of the market. (19-Nov-05)

Nam Tai Electronics, Inc. v PriceWaterhouseCoopers
HK Court of First Instance, 3-Feb-05

Scheme of Arrangement
HK Court of First Instance, 5-Jun-02

Application by liquidators to avoid shareholder approval of Scheme of Arrangement
HK Court of First Instance, 19-Jun-01

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