Nam Tai Property Comments on ISS and Glass Lewis Reports
ISS, Glass Lewis Both Determine a Change in Board Control is Not Warranted
Both Proxy Advisors Cite Dissident s Plan Lacks Sufficient Detail
Nam Tai Urges Shareholders to Protect the Value of Their Investment by Voting AGAINST Resolutions 1 Through 12 on the WHITE Proxy Card
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SHENZHEN, China, April 12, 2021 /PRNewswire/ Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today issued the following statement in response to the reports issued by Institutional Shareholder Services Inc. ( ISS ) and Glass Lewis regarding the election of directors to Nam Tai s Board of Directors at the Company s upcoming Special Meeting on April 26, 2021.
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Nam Tai Property Comments on ISS and Glass Lewis Reports
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Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court
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SHENZHEN, China, April 7, 2021 /PRNewswire/ Nam Tai Property Inc. ( Nam Tai or the Company ) (NYSE Symbol: NTP) today announced the filing of an application to appeal the March 3, 2021 judgment issued by the Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands (the Court ). The judgment held that the private placement previously announced by the Company on October 5, 2020 was void and should be set aside.
The Company appeals on the basis that the judgment discloses a number of significant errors and, in particular, a demonstrable failure to take account of important evidence.
Nam Tai Property Announces Filing of Application to Appeal the Judgment of the BVI Court
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