UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 21)
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) Ltd.
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) Ltd.
999 West Hastings Street
Suite 530
Vancouver, British Columbia V6C 2W2
Canada
Telephone: (604) 669-7800
Fax: (604) 669-7816
April 1, 1998
(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.
CUSIP NO. 629865 205 PAGE 2 OF 5
- --------------------------------------------------------------
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)/ /
N/A (b)/ /
- ----------------------------------------------------------
3 SEC USE ONLY
- ----------------------------------------------------------
4 SOURCE OF FUNDS
N/A
- ----------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2 (d) OR 2 (e)
N/A
- ---------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION
Canadian
- ----------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER
SHARES 2,430,807
BENEFICIALLY ------------------------------------------
OWNED BY 8 SHARES VOTING POWER
EACH N/A
REPORTING ------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 3,384,324
-------------------------------------------
10 SHARES DISPOSITIVE POWER
N/A
- ------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
3,770,988
- -------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
/ /
- --------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
30.74%
- ----------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ----------------------------------------------------------
CUSIP NO. 629865 205 PAGE 3 OF 5
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 which was obtained from
Paine Webber Inc. in November 1997 to purchase 928,970 Units
in the Nam Tai Electronics, Inc. Rights offerings which was
completed on November 24, 1997. Mr. Koo may sell or acquire
additional shares in the future depending on the prevailing
market price of the securities; however, he has no intention
to sell additional shares before July 1, 1998. 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.
CUSIP NO. 629865 205 PAGE 4 OF 5
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) At April 1, 1998, as a result of the sale of 560,000
Common Shares, Mr. Koo beneficially owned 3,770,988
or 30.74% of the Common Shares outstanding. The amount of
Common Shares includes: i) 2,430,807 Common Shares; ii)
926,850 Common Shares that Mr. Koo may acquire upon exercise
of Warrants; iii) 26,667 shares that Mr. Koo may acquire upon
exercise of stock options exercisable within 60 days of the
date of filing; iv) 293,332 Common Shares and 93,332 Warrants
to purchase common shares, registered to Mars Yue Kung Koo,
Mr. Koo's son, as to which Mr. Koo disclaims beneficial
ownership. In previous 13-d filings shares registered in the
name of Mars Yue Kung Koo were disclosed and excluded from
the percentage ownership calculation. The percentage
ownership was calculated in accordance with Rule 13d(1) (i)
under the Securities Exchange Act of 1934.
(b) Mr. Koo has exclusive investment voting and
investment power over the Common Shares referred to in
paragraph (a) as beneficially owned by him with the exception
of those shares registered in the name of Mars Yue Kung Koo,
Mr. Koo's son, as to which Mr. Koo disclaims beneficial
ownership.
(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 last sixty days.
NUMBER
TRADE OF SHARES SALES
DATE SOLD(#) PRICE($) PROCEEDS($)
April 1, 1998 560,000 $16.88 $9,450,000.00
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR
RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.
Previously reported.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
Not applicable
CUSIP NO. 629865 205 PAGE 5 OF 5
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.
April 6, 1998
By: /s/ Ming Kown Koo
----------------------
Ming Kown Koo
