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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 May 2, 1997
NAM TAI ELECTRONICS, INC.
(Registrant's name in English)
Unit 9, 15/F, Tower 1
China Hong Kong City, 33 Canton Road
TST, Kowloon, Hong Kong
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NAM TAI ELECTRONICS, INC. CONTACT: WENDY L. 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
INTERNET WEBSITE: http://www.namtai.com
NAM TAI ELECTRONICS, INC. ANNOUNCES
TERMINATION OF STOCK REPURCHASE PROGRAM
VANCOUVER, CANADA May 2, 1997 -- Nam Tai Electronics, Inc. ("Nam Tai" or the
"Company") (NASDAQ Symbol: NTAIF, TSE Symbol: NMT) today announced the
termination of its stock repurchase program which was originally announced in
accordance with SEC Rule 10b-18 on September 9, 1996 and continued on January
10, 1997 through The Toronto Stock Exchange. During the period September 11,
1996 to May 1, 1997 the Company purchased 274,500 of its outstanding capital
stock at an average price of $9.46 per share.
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.
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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.) M.K. Koo
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M.K. Koo, Chairman
Date: May 21, 1997
