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 October 20, 1997
October 30, 1997 and
December 3, 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
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
CONTACT: WENDY L. WISEMAN
P.R. SECRETARY
CORPORATE OFFICE:
SUITE 530 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
INTERNET WEBSITE: http://www.namtai.com
E-MAIL: [email protected]
NAM TAI ELECTRONICS, INC. ANNOUNCES
ANTICIPATED EFFECTIVE DATE OF RIGHTS OFFERING
VANCOUVER, CANADA October 20, 1997 -- Nam Tai Electronics, Inc. ("Nam
Tai" or the "Company") (NASDAQ/NMS Symbol: NTAIF) today announced that the
Rights it is distributing to shareholders pursuant to its previously announced
rights offering will be distributed following regulatory clearance, which is
expected to occur before the end of October 1997. The Rights will expire
between 20 to 30 days thereafter. Pricing of the Subscription Price of the
Units that will be issuable upon the exercise of the Rights will occur at
approximately the same time that the Securities and Exchange Commission
declares such Registration Statement effective.
On September 23, 1997, the Company announced that it had filed a Registration
Statement with the United States Securities and Exchange Commission related to a
proposed Rights Offering, pursuant to which the Company will distribute
nontransferable Rights to purchase from the Company a total of 3,000,000 Units.
Each Unit will consist of one Common Share and one Redeemable Common Share
Purchase Warrant and each Nam Tai shareholder will receive one Right for each
three Common Shares held on the record date. On October 2, 1997, the Company
announced October 10, 1997 as the record date. Any units not purchased upon
exercise of the Rights distributed in the Rights Offering will be purchased by
a group of standby underwriters for whom Joseph Charles & Associates, Inc. is
acting as the managing underwriter.
A Registration Statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. The
securities may not be sold nor may offers to buy be accepted prior to the time
the Registration Statement becomes effective. This announcement shall not
constitute an offer to sell or a solicitation of an offer to buy nor shall
there be any sale of these securities in any State in which such offer,
solicitation or sale would be unlawful prior to the registration or
qualification under the securities laws of any such State.
The name and address of the person or persons from whom a written Prospectus
meeting the requirements of Section 10 of the Securities Act of 1933 may be
obtained is:
Joseph Charles & Associates, Inc.
Syndicate Department
9701 Wilshire Blvd., Suite 900
Beverly Hills, CA 90212
(310) 278-4950
Nam Tai is an independent provider of high quality manufacturing services to
original equipment manufacturers ("OEMs") in the consumer electronics industry.
All of the Company's manufacturing operations are based in the People's Republic
of China ("China"). Nam Tai assists OEMs in the design and development of
products and furnishes full turnkey manufacturing services to its OEM customers
utilizing advanced processes such as chip on board ("COB"), surface mount
technology ("SMT"), tape automated bonding ("TAB") and outer lead bonding
("OLB") technologies. The Company provides hardware and software design,
plastic molding, component purchasing, assembly into finished products or
electronic subassemblies, post-assembly testing and shipping. The Company
manufactures a broad line of finished products for its OEM customers, including
personal organizers, linguistic products, calculators, integrated circuit
("IC") or smart card readers (referred to as "IC card readers"). It also
manufactures electronic components and subassemblies for printed circuit boards
("PCBs"). These products include large scale integrated circuits ("LSI")
bonded on PCBs that are used in the manufacture of products such as
electronic toys, and subassemblies for liquid crystal display
("LCD") modules that are in turn used in the manufacture of communications,
camera and computer products. In addition, Nam Tai provides OEMs with silk
screening services for plastic parts, polyvinyl chloride ("PVC")
products and metal parts.
-end-
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
CONTACT: WENDY L. WISEMAN
P.R. SECRETARY
CORPORATE OFFICE:
SUITE 530 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
INTERNET WEBSITE: http://www.namtai.com
E-MAIL: [email protected]
NAM TAI ELECTRONICS, INC. ANNOUNCES
EFFECTIVENESS OF RIGHTS OFFERING
VANCOUVER, CANADA October 30, 1997 -- Nam Tai Electronics, Inc. ("Nam
Tai" or the "Company") (NASDAQ/NMS Symbol: NTAIF) today announced that the
United States Securities and Exchange Commission has declared its Registration
Statement relating to its Rights and Standby Offerings effective. Pursuant to
the Rights Offering, Nam Tai is distributing to its shareholders rights
("Rights") to purchase up to 3,000,000 Units, each Unit consisting of one
Common Share and one three-year Warrant to purchase one Common Share at an
exercise price of $20.40 per share. Each Nam Tai shareholder will receive
one Right for each three Common Shares of Nam Tai held of record on
October 10, 1997. Each Right entitles the holder to purchase one Unit
of Nam Tai at a Subscription Price of $17.00 per Unit. The Rights will
expire at 9:00 a.m., Pacific time on November 24, 1997 (the Expiration
Date"). Any Units of Nam Tai not purchased upon exercise of the Rights
will be purchased by a group of Standby Underwriters and then offered to
the public.
Joseph Charles & Associates, Inc. is acting as the managing underwriter. The
Common Shares and Warrants included in the Units will trade separately
immediately following their issuance. The Common Shares will continue to be
traded on The Nasdaq National Market under the symbol NTAIF. The Warrants will
begin trading on The Nasdaq National Market under the symbol NTAWF following
the Expiration Date.
The name and address of the person or persons from whom a written Prospectus
meeting the requirements of Section 10 of the Securities Act of 1933 may be
obtained is:
Joseph Charles & Associates, Inc.
Syndicate Department
9701 Wilshire Blvd., 9th Floor
Beverly Hills, CA 90212
Tel: (310) 278-4950 Fax: (310) 859-2877
e-mail: [email protected]
Nam Tai is an independent provider of high quality manufacturing services to
original equipment manufacturers ("OEMs") in the consumer electronics industry.
All of the Company's manufacturing operations are based in the People's Republic
of China ("China"). Nam Tai assists OEMs in the design and development of
products and furnishes full turnkey manufacturing services to its OEM customers
utilizing advanced processes such as chip on board ("COB"), surface mount
technology ("SMT"), tape automated bonding ("TAB") and outer lead bonding
("OLB") technologies. The Company provides hardware and software design,
plastic molding, component purchasing, assembly into finished products or
electronic subassemblies, post-assembly testing and shipping. The Company
manufactures a broad line of finished products for its OEM customers, including
personal organizers, linguistic products, calculators, integrated circuit
("IC") or smart card readers (referred to as "IC card readers"). It also
manufactures electronic components and subassemblies for printed circuit
boards ("PCBs"). These products include large scale integrated circuits
("LSI") bonded on PCBs that are used in the manufacture of
products such as electronic toys, and subassemblies for liquid crystal display
("LCD") modules that are in turn used in the manufacture of communications,
camera and computer products. In addition, Nam Tai provides OEMs with silk
screening services for plastic parts, polyvinyl chloride ("PVC") products and
metal parts.
-end-
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
CONTACT: WENDY L. WISEMAN
P.R. SECRETARY
CORPORATE OFFICE:
SUITE 530 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
INTERNET WEBSITE: http://www.namtai.com
E-MAIL: [email protected]
NAM TAI ELECTRONICS, INC. ANNOUNCES
CLOSING OF RIGHTS AND STANDBY OFFERING
VANCOUVER, CANADA December 3, 1997 -- Nam Tai Electronics, Inc. ("Nam
Tai" or the "Company") (NASDAQ/NM Symbol: NTAIF and NTAWF) today
announced the successful completion of the Company's Rights and Standby
Offering. In the Rights and Standby Offering the Company sold a total of
3,000,000 Units, each consisting of one Common Share and one Common Share
Purchase Warrant. The net proceeds to the Company are estimated to be
approximately $47,700,000 after deducting the Standby Underwriter Fees and
expenses and other offering expenses of the Company from the sale of 2,270,788
Units in the Rights Offering at the Subscription Price of $17.00 per Unit and
729,212 Units in the Standby Offering at the price of $16.75 per Unit to the
Standby Underwriters. Joseph Charles & Associates, Inc. acted as the Managing
Underwriter. Valid exercises by shareholders of 2,270,788 Units under the
Basic Subscription Right and Oversubscription Privilege accounted for
approximately 76% of the Offerings.
M.K. Koo, Chairman of Nam Tai, together with Tadao Murakami, CEO of Nam Tai,
validly exercised their Rights in full, including their 40% Oversubscription
Privilege, purchasing a combined total of 1,124,064 Units.
Nam Tai is an independent provider of high quality manufacturing services to
original equipment manufacturers ("OEMs") in the consumer electronics industry.
All of the Company's manufacturing operations are based in the People's Republic
of China ("China"). Nam Tai assists OEMs in the design and development of
products and furnishes full turnkey manufacturing services to its OEM customers
utilizing advanced processes such as chip on board ("COB"), surface mount
technology ("SMT"), tape automated bonding ("TAB") and outer lead bonding
("OLB") technologies. The Company provides hardware and software design,
plastic molding, component purchasing, assembly into finished products or
electronic subassemblies, post-assembly testing and shipping. The
Company manufactures a broad line of finished products for its OEM customers,
including personal organizers, linguistic products, calculators, integrated
circuit ("IC") or smart card readers (referred to as "IC card readers"). It
also manufactures electronic components and subassemblies for printed circuit
boards ("PCBs"). These products include large scale integrated
circuits ("LSI") bonded on PCBs that are used in the manufacture of
products such as electronic toys, and subassemblies for liquid crystal display
("LCD") modules that are in turn used in the manufacture of communications,
camera and computer products. In addition, Nam Tai provides OEMs with silk
screening services for plastic parts, polyvinyl chloride ("PVC") products
and metal parts.
-end-
The Registrant hereby incorporates this Report on Form 6-K into its
Registration Statement on Form F-3 (Registration No. 333-36135).
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.
______________________
M.K. Koo, Chairman
Date: December 12, 1997
