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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nam Tai Property Inc | NYSE:NTP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.215 | 0 | 01:00:00 |
IsZo Capital Management LP (together with its affiliates, “IsZo”), which beneficially owns approximately 13% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”), today issued the below letter on behalf of its director nominees – Michael Cricenti, Cindy Chen Delano, Bo Hu, Leung Lin Cheong Louis (Louis Leung), Paula J. Poskon and Jeffrey Tuder – to the Company’s stakeholders in mainland China. As a reminder, IsZo is seeking shareholder support to elect Mr. Cricenti, Ms. Chen Delano, Mr. Hu, Mr. Leung, Ms. Poskon and Mr. Tuder to Nam Tai’s Board of Directors (the “Board”) at the court-ordered meeting of shareholders of Nam Tai scheduled to take place on April 26, 2021. IsZo is encouraging shareholders to vote on the GREEN Proxy Card to elect its full six-member slate.
***
Dear Nam Tai Stakeholders,
Over the past several months, each member of the IsZo slate has spent a considerable amount of timing analyzing Nam Tai’s assets, operating markets and future prospects. Our respective assessments have led to a similar conclusion: the Company has a tremendous opportunity to develop world-class projects in Shenzhen, Dongguan and across China’s top economic development regions. We believe Nam Tai can capitalize on this opportunity for many years to come if it has ethical leadership that honors its commitments and obligations.
If elected to Nam Tai’s Board, you can trust that we will operate with the utmost business integrity. We intend to take a number of steps to strengthen the Company’s long-term standing across China’s vibrant real estate markets, including:
Please trust that the IsZo slate will continue to operate with integrity and show the utmost respect for the communities that Nam Tai develops projects in and across China as a whole. We want to bring honor and respect back to the Company after its recent legal issues as a result of improper conduct by the current Nam Tai directors we are seeking to replace. Nam Tai can become a gem of the Chinese real estate sector with the right leadership, and that is what we intend to deliver.
Sincerely,
Michael Cricenti
Cindy Chen Delano
Bo Hu
Leung Lin Cheong Louis
(Louis Leung)
Paula J. Poskon
Jeffrey Tuder
About IsZo Capital
IsZo Capital is a New York-based investment management firm and a long-term shareholder of Nam Tai.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210322005383/en/
Profile Greg Marose / Charlotte Kiaie, 347-343-2999 IsZo@profileadvisors.com
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