Nam Tai Property Inc.

Nam Tai Property, Inc. is a holding company, which engages in the business of real estate development and operation. It focuses on the research and development of Nam Tai Inno Park Project in Guangming, Shenzhen, and Nam Tai Inno City Project in Gushu, Shenzhen. The company was founded by Ming Kown Koo in 1975 and is headquartered in Shenzhen, China.

Discussing recent progress on the litigation front with the company having lawfully obtained the company's corporate seals (also known as chops). The company has started the process of registering its new CEO as the legal representative for its mainland China subsidiaries in order to get full control of its assets. Recent $15.4 million private placement and restructuring of existing debt with key shareholders resulted in substantial dilution for outside equity holders.

Nam Tai Property: Stock Rallies On Important Progress In China

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (OTC Expert Market: NTPIF) (“Nam Tai” or the “Company”) today announced that its reconstituted Board of Directors (the “Board”) and new management team have lawfully obtained the corporate chops and business licenses for all of the Company's subsidiaries in the People's Republic of China (“PRC”). This was achieved with the support of Nam Tai's independent legal counsels and advisors led by Jack Law of Hui Zhong Law Firm. The Company is now.

Nam Tai Property's Leadership Obtains Corporate Chops and Business Licenses for PRC Subsidiaries

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (OTC Expert Market: NTPIF) (“Nam Tai” or the “Company”) today announced that a Hong Kong arbitrator has dismissed all claims brought by Greater Sail Limited (“GSL”) against the Company for USD $146.9 million under a 2020 private investment in public equity (the “2020 PIPE”) transaction involving the Company and GSL. The arbitrator has also accepted counterclaims brought by Nam Tai against GSL.

Nam Tai Property Announces Hong Kong Arbitrator's Binding Decision to Dismiss All Claims Brought by Greater Sail Limited

NEW YORK--( BUSINESS WIRE )--Nam Tai Property Inc. (OTC Expert Market: NTPIF) (“Nam Tai” or the “Company”) today provided the following corporate updates

News for Nam Tai Property Inc. Stock (NTPIF)