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 November 25, 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)<PAGE>
NAM TAI ELECTRONICS, INC.
SUITE 530 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831NEWS RELEASE
INTERNET WEBSITE: http://www.namtai.com
CONTACT: WENDY L. WISEMAN
P.R. SECRETARY
NAM TAI ELECTRONICS, INC. ANNOUNCES
APPROVAL FOR LISTING ON
THE TORONTO STOCK EXCHANGE
VANCOUVER, CANADA November 25, 1996 -- Nam Tai Electronics, Inc.
("Nam Tai" or the "Company") (NASDAQ/NMS Symbol: NTAIF) today
announced that the Company has been conditionally accepted for
listing on The Toronto Stock Exchange.
The Company recently received conditional approval as an
Industrial Company and will commence trading upon fulfilling final
listing requirements. The Toronto Stock Exchange ranks as the
number one exchange in Canada and the third largest stock market
in North America after The New York Stock Exchange and The Nasdaq
Stock Market. As Nam Tai maintains an office in Vancouver, Canada
which has responsibility for finance and investor relations, the
Canadian listing is expected to assist in building relationships
with the Canadian investment community. Nam Tai will continue to
maintain its Nasdaq National Market System listing as its primary
listing.
"We are pleased to advise our shareholders that the Company soon
expects to commence trading on a second major stock exchange. We
see this as a means to expand our shareholder base and market
support for the Company," commented Mr. M.K. Koo, Chairman of Nam
Tai. "With Canada's export focus and its established links to
China, we see potential interest among Canadian investors and
investment firms which we believe will expand our base of
shareholders over time," he further commented.
Nam Tai also announced that the retirement of Mr. Yoshio Inagawa,
Director and Chief Operating Officer of Nam Tai, has been approved
by the Board of Directors effective January 1, 1997. Mr. Inagawa
joined the Company in 1993 after serving for forty years with
Sharp Corporation in Japan. Mr. Hidekazu Amishima, Director and
Vice General Manager of the Company's operating subsidiary and
responsible for day to day factory operations, will take over the
responsibilities of Mr. Inagawa. Mr. Amishima joined the Company
earlier this year after serving with Kanda Tsushin Industrial Co.
Ltd. of Japan since 1964.
Nam Tai is a full service contract manufacturer which provides
hardware and software design, plastic moulding, component
purchasing, assembly, quality control and shipping services to
major original equipment manufacturers (OEMs) from Japan and North
America. The Company makes use of highly advanced technology at
its ISO 9001 certified facilities in Shenzhen, China. It also
maintains marketing and administrative operations in Hong Kong and
Vancouver, Canada, respectively. The Company's electronic
products include personal organizers, spell checkers,
dictionaries, calculators and IC Card Readers as well as complex
electronic subassemblies and components. 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.<PAGE>
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.) Ronald G. Erdman
Ronald G. Erdman
Chief Financial Officer
Date: November 29, 1996
