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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
August 1, 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. CONTACT: WENDY WISEMAN
SUITE 530 - 999 WEST HASTINGS STREET P.R. SECRETARY
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831 NEWS RELEASE
NAM TAI ELECTRONICS, INC. ANNOUNCES
NEW ADDITION TO SENIOR MANAGEMENT TEAM AND
DIVIDEND FROM DESWELL INDUSTRIES, INC.
VANCOUVER, CANADA August 1, 1996 -- Nam Tai Electronics, Inc. ("Nam Tai" or the
"Company") (NASDAQ/NMS Symbol: NTAIF) today announced the following:
ADDITION TO SENIOR MANAGEMENT TEAM
Mr. Hidekazu Amishima has joined the Company as Director and Vice General
Manager of Nam Tai Electronic (Shenzhen) Co. Ltd., to be responsible for day to
day factory operations at Nam Tai's manufacturing facility in the People's
Republic of China. Mr. Amishima joined the Company after serving with Kanda
Tsushin Industrial Co. Ltd. of Japan from 1964 until recently, where he served
in managerial positions of increasing responsibility in the areas of
manufacturing and technology. Mr. Amishima brings to Nam Tai expertise in many
relevant areas of business.
"Nam Tai is pleased to announce the appointment of Mr. Amishima as Vice General
Manager of our factory operations." commented M.K. Koo, Chairman of Nam Tai.
"His thorough knowledge and experience in the manufacturing industry will be
very valuable to Nam Tai as we continue to build our business and senior
management team."
DESWELL INDUSTRIES, INC. DIVIDEND
Nam Tai is entitled to the recently announced dividend by Deswell Industries,
Inc. ("Deswell") of $0.35 per share on its shareholding in Deswell, which has
recently increased to 489,370 common shares through Nam Tai's exercise of
warrants to purchase additional shares. This dividend is payable on August 13,
1996 and will result in Nam Tai recording other income of approximately $171,000
for its third quarter ending September 30, 1996. Deswell is a supplier of
plastic components and the relationship between the two companies is of benefit
to Nam Tai as it helps to ensure the supply of quality plastic parts to expand
the Company's business and service its customers.
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 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, 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: August 6, 1996
