Nam Tai Property (NTP) Approves 3M Common Buyback Plan
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April 28, 2015 6:00 AM EDT
SHENZHEN, China, April 28, 2015 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) announced that its board of directors has approved and it is commencing a cash tender offer today to purchase up to three million (3,000,000) of its issued and outstanding Common Stock, par value $0.01 per share (the "Shares") at a purchase price of $5.50, net per share. The tender offer will be subject to the terms and conditions described in the offer to purchase and the related materials that will be distributed to holders of... More
April 27, 2015 6:00 AM EDT
SHENZHEN, China, April 27, 2015 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced its unaudited results for the first quarter ended March 31, 2015. The Company's original core manufacturing business of LCM module, including Wuxi and Shenzhen production operations was classified as "discontinued operations" and disclosed in the statement of comprehensive income separately under the loss from discontinued operations and not included in the presentation of rental income, net rental income and operating loss that form parts of the operating loss of "continuing operations" and reported as... More
