Nam Tai completes previously announced reorganization of Nam Tai Group
Jan 02, 2008
After the extraordinary general meeting of December 20, Implementation of the Reorganization Proposals Involving Nam Tai and its Hong Kong-Listed Subsidiaries Effectuated as of December 31, 2007
Nam Tai Electronics, Inc. ("Nam Tai" or the "Company") (NYSE Symbol: NTE) announced that it had completed its previously announced reorganization of the Nam Tai Group structure involving its Hong Kong Stock Exchange-listed subsidiaries, Nam Tai Electronic & Electrical Products Limited ("NTEEP") and J.I.C. Technology Company Limited ("JIC"). As previously announced by Nam Tai on December 20, 2007, the minority shareholders of both NTEEP and JIC approved their company's reorganization on December 20, 2007 and as of December 31, 2007 (Hong Kong time), the Reorganization Proposals had been implemented in Macao, PRC, resulting in an organization structure of the Company and its subsidiaries.