UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(AMENDMENT NO. 22)
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
c/o Nam Tai Electronic & Electrical Products Ltd.
Unit 9, 15/F., Tower 1,
China Hong Kong City
33 Canton Road, Kowloon, Hong Kong
Telephone: (852) 2341-0273
Fax: (852) 2341-4164
(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 1500
Vancouver, British Columbia V6C 2W2 Canada
Telephone: (604) 669-7800
Fax: (604) 669-7816
June 8, 1999
(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>
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)/ /
(b)/ /
N/A
- ----------- ----------------------------------------------------
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
- ----------------------------------------------------------------
7 SOLE VOTING POWER
NUMBER OF 2,260,631
SHARES ---------------------------------
BENEFICIALLY 8 SHARES VOTING POWER
OWNED BY N/A
EACH ---------------------------------
REPORTING 9 SOLE DISPOSITIVE POWER
PERSON 3,187,481
WITH
----------------------------------------------------
10 SHARES DISPOSITIVE POWER
N/A
- ----------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,187,481
- ----------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
/ /
- ----------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
31.22%
- ----------------------------------------------------------------
14 TYPE OF REPORTING PERSON
IN
- ----------------------------------------------------------------
<PAGE>
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
Electronic & Electrical Products Ltd. Unit 9, 15/F., Tower 1, China Hong Kong
City 33 Canton Road, Kowloon, Hong Kong.
Mr. Koo is the Senior Executive Officer of the Company and a director on
the Board.
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 which are
needed as a result of potential personal tax liability in Canada that may arise
as a result of Mr. Koo's change of residency status from Canada to Hong Kong.
Mr. Koo may sell or acquire additional shares in the future depending on the
prevailing market price of the securities. 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 8, 1999, as a result of the sale of 258,675 Common Shares,
Mr. Koo beneficially owned 3,187,481 or 31.22% of the Common Shares outstanding.
The amount of Common Shares includes: i) 2,260,631 Common Shares; and ii)
926,850 Common Shares that Mr. Koo may acquire upon exercise of Warrants. In Mr.
Koo's previous 13-d filing dated April 6, 1998 shares registered in the name of
Mr. Koo's son, Mars Yue Kung Koo, as to which Mr. Koo disclaims beneficial
ownership, were disclosed and included in the percentage ownership calculation.
As Mars Yue Kung Koo is now older than 18 and no longer living in the same
residence as Mr. Koo his shares, and any transactions involving such shares, are
not aggregated with Mr. Koo's. The percentage ownership was calculated in
accordance with Rule 13d(1)(i) under the Securities Exchange Act of 1934.
<PAGE>
CUSIP NO. 629865 205 Page 4 of 5
(b) Mr. Koo has exclusive investment voting and investment power over
the Common Shares referred to in paragraph (a).
(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.
<TABLE>
-----------------------------------------------------------------
<CAPTION>
NUMBER
OF
TRADE SHARES SALES
DATE SOLD (#) PRICE ($) PROCEEDS ($)
---- -------- --------- ------------
<C> <C> <C> <C>
<S>
June 8, 1999 258,675 $8.6923 $2,248,480.70
------------------------------------------------------------------
</TABLE>
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
<PAGE>
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.
June 10, 1999
By: \S\ M. K. KOO
-----------------
Ming Kown Koo
