<PAGE> 1
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 16)
NAM TAI ELECTRONICS, INC.
(Name of Issuer)
Common Shares, $0.01 par value
(Title of Class of Securities)
629865 205
(Cusip Number)
Mr. M. K. Koo
Nam Tai Electronics (Canada) Inc.
999 West Hastings Street
Suite 530
Vancouver, British Columbia V6C 2W2 Canada
Telephone: (604) 669-7800
Fax: (604) 669-7816
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
________________________________
with copy to:
Mr. Lorne Waldman, ESQ.
Nam Tai Electronics (Canada) Inc.
999 West Hastings Street
Suite 530
Vancouver, British Columbia V6C 2W2 Canada
Telephone: (604) 669-7800
Fax: (604) 669-7816
May 29, 1997
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box [ ].
Check the following box if a fee is being paid with the statement [ ].
Page 1 of 5 pages
No exhibit index.
<PAGE> 2
Page 2 of 5
CUSIP NO. 629865 205
- --------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Ming Kown Koo
- --------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
(a)/ /
(b)/ /
- --------------------------------------------------------------------------------
3 SEC USE ONLY
- --------------------------------------------------------------------------------
4 SOURCE OF FUNDS
- --------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2 (d) OR 2 (e)
- --------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canadian
- --------------------------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 2,371,156
SHARES ------------------------------------------------------
BENEFICIALLY 8 SHARES VOTING POWER
OWNED BY
EACH ------------------------------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 2,371,156
WITH
------------------------------------------------------
10 SHARES DISPOSITIVE POWER
- --------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,371,156
- --------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES /X/
- --------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.2%
- --------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
<PAGE> 3
Page 3 of 5
CUSIP NO. 629865 205
ITEM 1. SECURITY AND ISSUER.
This statement relates to the Common Shares, $0.01 par value (the
"Common Shares") of Nam Tai Electronics, Inc. (the "Company") an International
Business Company organized under the laws of the British Virgin Islands, with
principal executive offices located in Unit 9, 15/F., Tower 1, China Hong Kong
City, 33 Canton Road, T.S.T., Kowloon, Hong Kong.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is being filed by Mr. Ming Kown Koo ("Mr. Koo") an
individual.
Mr. Koo's business address is Nam Tai Electronics, Inc., c/o Nam Tai
Electronics (Canada) Ltd., 999 West Hastings Street, Suite 530, Vancouver,
British Columbia, V6C 2W2, Canada.
Mr. Koo is the Chairman of the Board of the Company.
During the past five years Mr. Koo has not been convicted in a criminal
proceeding and has not been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction, as a result of which it is
subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws
of finding any violation with respect to such laws.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATION.
Not applicable.
ITEM 4. PURPOSE OF TRANSACTION.
The purpose of the transaction is to raise funds for Mr. Koo to: a) pay
down a margin loan; b) repay a debt owing to Nam Tai Electronics, Inc. for the
purchase of a residential property from the Company; and, c) to repay a personal
loan. Additional sales of Common Shares may be made in the future if
circumstances so require. Similarly, Mr. Koo has in the past purchased, and may
in the future purchase, Common Shares in the open market for investment. Mr. Koo
has no plans or proposals that relate to or would result in the matters
identified in Item 4(a) through (j) of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) At June 3, 1997 as a result of the sale of 182,500 Common Shares
Mr. Koo beneficially owned 2,371,156 or 30.3% of the Common Shares outstanding.
The amount of Common Shares includes 26,667 shares that Mr. Koo may acquire upon
exercise of stock options exercisable within 60 days of the date of filing and
the percentage ownership was calculated in accordance with Rule 13d(1) (i) under
the Securities Exchange Act of 1934. The amount of Common Shares and percentage
ownership excludes 200,000 Common Shares registered to Mars Yue Kung Koo, Mr.
Koo's son, as to which Mr. Koo disclaims beneficial ownership.
<PAGE> 4
Page 4 of 5
CUSIP NO. 629865 205
(b) Mr. Koo has exclusive investment voting and investment power over
the Common Shares referred to in paragraph (a) as beneficially owned by him.
(c) The following table sets forth details of the open market sales of
the Company's Common Shares (all of which were made through PaineWebber
Incorporated) made by Mr. Koo during the past 60 days:
<TABLE>
<CAPTION>
NUMBER
OF
TRADE SHARES SALES
DATE SOLD (#) PRICE ($) PROCEEDS ($)
---- -------- --------- -------------
<S> <C> <C> <C>
May 5, 1997 5,000 11.75 $58,750.00
May 6, 1997 5,000 11.70 $58,500.00
May 7, 1997 2,000 12.25 $24,500.00
May 20, 1997 5,000 13.125 $65,625.00
May 20, 1997 15,000 13.25 $198,750.00
May 21, 1997 16,000 13.125 $210,000.00
May 27, 1997 6,000 12.675 $76,050.00
May 27, 1997 10,000 12.75 $127,500.00
May 28, 1997 14,000 12.50 $175,000.00
May 29, 1997 30,000 12.50 $375,000.00
May 30, 1997 20,000 12.50 $250,000.00
June 2, 1997 45,000 12.50 $562,500.00
June 3, 1997 9,500 12.50 $118,750.00
----- -------------
Total 182,500 $2,300,925.00
======= =============
</TABLE>
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.
Previously reported.
<PAGE> 5
Page 5 of 5
CUSIP NO. 629865 205
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
June 3, 1997
By: /s/ M.K. Koo
-------------------------------
Ming Kown Koo
