NAM TAI ELECTRONIC & ELECTRICAL PRODUCTS LIMITED
New privatisation offer for NTEEP
Company announcement, 19-May-2009
Comment: shareholders should accept the offer, as your editor David Webb intends to do, for the reasons stated in our article of 24-Feb-09.
Company announcement, 19-May-2009
Comment: shareholders should accept the offer, as your editor David Webb intends to do, for the reasons stated in our article of 24-Feb-09.
Apology of Mr Koo Ming Kown, non-executive Chairman of NTEEP
Company announcement, 19-May-2009
...for trying to privatise NTEEP by winding it up
Company announcement, 19-May-2009
...for trying to privatise NTEEP by winding it up
Proposed voluntary winding-up of NTEEP
Company announcement, 12-May-2009
...a privatisation offer by any other name
Company announcement, 12-May-2009
...a privatisation offer by any other name
Accept Nam Tai's offer for NTEEP
It is now proven that the Dec-07 acquisitions by NTEEP (2633.HK) from its parent (NYSE:NTE), which we opposed, destroyed shareholder value. Today NTE has launched a privatisation offer at HK$1.50 per share. Webb-site.com editor David Webb holds over 10% of the float and intends to accept the offer - we explain why. (24-Feb-2009)
It is now proven that the Dec-07 acquisitions by NTEEP (2633.HK) from its parent (NYSE:NTE), which we opposed, destroyed shareholder value. Today NTE has launched a privatisation offer at HK$1.50 per share. Webb-site.com editor David Webb holds over 10% of the float and intends to accept the offer - we explain why. (24-Feb-2009)
Koo Ming Kown v Next Media Ltd, Jimmy Lai Chee Ying and James To Kun Sun
HK District Court, 17-Feb-2009
HK District Court, 17-Feb-2009
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-2007)
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-2007)
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-2007)
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-2007)
NTEEP breaches free float rule
NTEEP (2633) is now in breach of the 25% free float rule after purchases by its majority shareholder took it over 75%. (22-May-2007)
NTEEP (2633) is now in breach of the 25% free float rule after purchases by its majority shareholder took it over 75%. (22-May-2007)
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-2005)
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-2005)
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