-
- News
- Books
Featured Books
- smt007 Magazine
Latest Issues
Current IssueBox Build
One trend is to add box build and final assembly to your product offering. In this issue, we explore the opportunities and risks of adding system assembly to your service portfolio.
IPC APEX EXPO 2024 Pre-show
This month’s issue devotes its pages to a comprehensive preview of the IPC APEX EXPO 2024 event. Whether your role is technical or business, if you're new-to-the-industry or seasoned veteran, you'll find value throughout this program.
Boost Your Sales
Every part of your business can be evaluated as a process, including your sales funnel. Optimizing your selling process requires a coordinated effort between marketing and sales. In this issue, industry experts in marketing and sales offer their best advice on how to boost your sales efforts.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - smt007 Magazine
Nam Tai Electronics Inc. Files Registration Statement for Follow-On Offering
March 10, 2003 |Estimated reading time: 1 minute
Vancouver -- Nam Tai Electronics Inc. has filed a registration statement on Form F-3 with the Securities and Exchange Commission relating to the proposed public offering of 3 million common shares, of which 2 million common shares are to be offered by the company and 1 million common shares are to be offered by selling shareholders.
The company will grant the underwriters an option to purchase an additional 450,000 common shares to cover any over-allotments. Bear, Stearns & Co. Inc. will act as the lead managing underwriter of the offering.
When available, copies of the preliminary prospectus relating to the offering may be obtained from Bear, Stearns & Co. Inc., 383 Madison Avenue, New York, NY 10017, (212) 272-2000.
Nam Tai intends to use a portion of the net proceeds to construct and equip a new factory of approximately 250,000 sq ft adjacent to our principal manufacturing facilities in Shenzhen, China. The company intends to use the balance of the net proceeds for working capital and other general corporate purposes. The company will not receive any of the proceeds from the sale of common shares by the selling shareholders.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission, but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
Nam Tai Electronics Inc. is an electronics manufacturing and design services provider to original equipment manufacturers of telecommunications and consumer electronic products. For more information, visit www.namtai.com.