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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 THE MONTH
OF
MARCH 1996
NAM TAI ELECTRONICS, INC.
(Registrant's name in English)
Citco Building, Wickhams Cay, P.O. Box 662,
Road Town, Tortola, British Virgin Islands
(Address of principal executive offices)
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NAM TAI ELECTRONICS, INC. NEWS RELEASE
SUITE 530 - 999 WEST HASTINGS STREET CONTACT: WENDY WISEMAN
VANCOUVER, B.C. CANADA V6C 2W2 P.R. SECRETARY
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
NAM TAI ELECTRONICS, INC. ANNOUNCES
CORPORATE UPDATE
VANCOUVER, CANADA March 26, 1996 -- Nam Tai Electronics, Inc. ("Nam Tai" or the
"Company") (NASDAQ/NMS Symbol: NTAIF) today announced the following:
GRAND OPENING OF NEW FACTORY COMPLEX
Nam Tai is proud to announce the special Grand Opening Celebration in
recognition of the commencement of operations of its new factory complex will
be held on May 16, 1996 in Shenzhen, People's Republic of China. This ceremony
will commemorate the addition of modern facilities totalling approximately
400,000 sq. ft., including 160,000 sq. ft. of manufacturing space (Phase I),
40,000 sq. ft. of offices as well as new dormitories, canteen and recreational
areas, all adjacent to the existing factory complex. It is expected that in
excess of 200 guests will attend, including Chinese Government officials and
representatives of the Company's customers, suppliers and financial advisors
from around the world.
The Company's new factory complex is one of the most modern manufacturing
facilities in Southern China, built by the coordinated efforts of Shimizu
Corporation of Japan, an internationally recognized construction company, and
Guangdong 2nd Building Engineering Co., a first grade Chinese Government owned
construction company. These two companies worked together to successfully
conclude construction of the new facility on time and within budget.
Nam Tai's recent announcement regarding receipt of ISO 9001 Certification and
Texas Instruments 1995 Supplier Excellence Award confirms Nam Tai's expertise
in contract manufacturing. Together with the addition of the new factory
complex, Nam Tai is well positioned for continued growth in revenue. "Our OEM
customers continue to place orders with us because they get the best services
available. Nam Tai is proud to be able to offer expanded service and higher
technology production from our modern new facility", stated Mr. M.K. Koo,
Chairman of Nam Tai.
ANNUAL GENERAL MEETING OF SHAREHOLDERS
Nam Tai's Annual Meeting will be held at 4:30 p.m. on June 20, 1996 at the
Plaza Hotel, Fifth Avenue at Central Park South, New York. M.K. Koo commented,
"We hope to see continued good attendance at the 1996 Annual Meeting and look
forward to reviewing our accomplishments with our shareholders." The record
date for the Annual Meeting has been set as May 16, 1996.
DIVIDEND
Details regarding Nam Tai's dividend plan for 1996 will be announced at the
Annual Meeting. The Company is incorporating the more formal procedure of
announcing its dividend plan at the Annual Meeting into its established
dividend policy. The dividend record date will be announced on June 20.
-more-
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CHANGE OF TRANSFER AGENT
Effective March 25, 1996, U.S. Stock Transfer Corporation of Glendale,
California will act as the Company's Transfer Agent, Registrar and Dividend
Disbursing Agent. Nam Tai has appointed U.S. Stock Transfer Corporation in
this capacity in an effort to provide the best possible service to its
shareholders.
U.S. Stock Transfer Corporation's address, telephone and facsimile numbers are
as follows:
Stock Transfer Department
2nd Floor, 1745 Gardena Avenue
Glendale, California 91204
Telephone: (818) 502-1404
Facsimile: (818) 502-0674
Nam Tai is registered in the British Virgin Islands and maintains offices in
Hong Kong and Vancouver, Canada. It designs, develops, manufactures, assembles
and sells consumer electronic products manufactured by it in the People's
Republic of China at its ISO 9002/9001 certified operations. The Company's
products include personal organizers, spell checkers, dictionaries, LCD
modules, IC card readers and calculators. To position itself to manufacture
more sophisticated products, the Company has made advances in the use of COB,
MCM, SMT, TAB, OLB and FPHS technologies. The Company's customers include
Canon, Casio, Citizen, Matsushita Battery, Nintendo (which orders through
Sharp), Optrex, Radio Shack, Sanyo Electric, Seiko Instruments, Sharp and Texas
Instruments.
-end-
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NAM TAI ELECTRONICS, INC. NEWS RELEASE
SUITE 530 - 999 WEST HASTINGS STREET CONTACT: WENDY WISEMAN
VANCOUVER, B.C. CANADA V6C 2W2 P.R. SECRETARY
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
NAM TAI ELECTRONICS, INC. ANNOUNCES
RECOGNITION OF SUPERIOR QUALITY THROUGH ISO 9001 CERTIFICATION AND
TEXAS INSTRUMENTS SUPPLIER EXCELLENCE AWARD
VANCOUVER, CANADA March 18, 1996 -- Nam Tai Electronics, Inc. ("Nam Tai" or the
"Company") (NASDAQ/NMS Symbol: NTAIF), today announced that it has received ISO
9001 Certification from Bureau Veritas Quality International based in the
United Kingdom. ISO stands for the International Organization for
Standardization and is a Geneva based organization dedicated to the development
of worldwide standards for quality management guidelines and quality assurance.
ISO Certification is a series of quality standards developed by the
International Organization for Standardization in 1987. These standards
confirm superior levels of quality management, design and development,
production and quality control. ISO Certification has been adopted by over 50
countries, including Canada, Japan, the United Kingdom and the United States.
Meeting ISO standards, particularly ISO 9001 Certification, is becoming
critical for companies who wish to sell sophisticated products in the
international marketplace.
Nam Tai also received notice that it is a recipient of a Texas Instruments
Supplier Excellence Award for commitment to excellence and support of Texas
Instruments quality leadership. Texas Instruments, one of the Company's most
respected OEM customers, advised that a select group of its suppliers which
demonstrated an unwavering commitment to the principle of total quality are
being recognized with this award. This relationship is part of a changed way
of working together, to exploit opportunity through shared skills and mutual
trust.
The ISO 9001 Certification relates to Nam Tai's manufacturing services and
marketing activities worldwide and further demonstrates the Company's ability
to produce quality products. M.K. Koo, Chairman of Nam Tai, commented "Nam Tai
is dedicated to providing our customers with the highest level of efficiency
and quality service. We are very honored to have been awarded ISO 9001
Certification and the Texas Instruments Supplier Excellence Award at the same
time, and we are further encouraged to continue to upgrade our technology and
the quality of our service to our OEM customers. This commitment to upgrade
technology and increase quality is the basis of our efforts to increase value
for the benefit of our shareholders."
Nam Tai is registered in the British Virgin Islands and maintains offices in
Hong Kong and Vancouver, Canada. It designs, develops, manufactures, assembles
and sells consumer electronic products manufactured by it in the Peoples'
Republic of China at its ISO 9002/9001 certified operations. The Company's
products include personal organizers, spell checkers, dictionaries, LCD
modules, IC card readers and calculators. To position itself to manufacture
more sophisticated products, the Company has made advances in the use of COB,
MCM, SMT, TAB, OLB and FPHS technologies. The Company's customers include
Canon, Casio, Citizen, Matsushita Battery, Nintendo (which orders through
Sharp), Optrex, Radio Shack, Sanyo Electric, Seiko Instruments, Sharp and Texas
Instruments.
-end-
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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.
by
(S.d.) Koo Ming Kown
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Koo Ming Kown
Chairman
Date: April 9, 1996
