Nam Tai Property (NTP) Reports Q4 Loss of $0.14/Share
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February 1, 2016 6:30 AM EST
SHENZHEN, China, Feb. 1, 2016 /PRNewswire/ -- Nam Tai Property Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTP) today announced its unaudited results for the fourth quarter ended December 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) income from discontinued operations and is not included in the presentation of rental income, net rental income and operating loss that form parts of the operating loss of "continuing operations" as... More
February 1, 2016 6:30 AM EST
SHENZHEN, China, Feb. 1, 2016 /PRNewswire/ --
Dear Nam Tai Property Inc. Shareholder,
Nam Tai Property Inc. ("Nam Tai" or the "Company") advises its shareholders who are U.S. Persons that the Company believes that for U.S. Tax purposes, it was a passive foreign investment company ("PFIC") for 2015. As set forth in the Company's Form 20-F dated March 13, 2015 ("2014 Form 20-F") filed with the U.S. Securities and Exchange Commission, the Company also believes it was a PFIC for 2014. A PFIC is defined in Section 1297 of the... More
