Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
June 09 2023 - 4:32PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2023
Commission File Number 001-31583
NAM TAI PROPERTY INC.
(Translation of registrants name into English)
Namtai
Industrial Estate
No. 2 Namtai Road, Gushu Community, Xixiang Township
Baoan District, Shenzhen City, Guangdong Province
Peoples Republic of China
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☑ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
NAM TAI PROPERTY INC.
Form 6-K
CONTENTS
The Board of Directors (the
Board) of Nam Tai Property Inc. (the Company), a company incorporated under the laws of the British Virgin Islands, is providing the following updates.
On-Shore Access and Control
As previously disclosed, the Company has lawfully obtained the corporate seals (more commonly known as chops) and business licenses of all of its subsidiaries (the on-shore subsidiaries) in the Peoples Republic of China (the PRC).
Registration of Change of Control
As a result of
obtaining the chops, the Company has been able to register its Chief Executive Officer, Yu Chunhua (Mr. Yu), as the legal representative (the Legal Representative) for certain of its
on-shore subsidiaries with the relevant Administrations for Market Regulation (AMRs), but it has not yet been able to register Mr. Yu as the Legal Representative for other of its on-shore subsidiaries.
The Company believes that Kaisa Group Holdings Limited (Kaisa) may be interfering
with or challenging the registration process. The Company continues to evaluate next steps and is working to promptly register Mr. Yu as the Legal Representative for its subsidiaries with the AMR, but it cannot make assurances as to how long it
will take to secure registration. The registration of Mr. Yu as the Legal Representative is important to obtain access to all bank accounts, books and records, and resources of the Companys subsidiaries.
Lack of On-Shore Control
Mr. Yu is taking actions to gain access to the bank accounts and books and records of the on-shore subsidiaries
for which he has been registered as the Legal Representative. Mr. Yu has notified major banks regarding the change of the Legal Representative, and obtained access to certain of the bank accounts of the
on-shore subsidiaries. However, currently, the Company and reconstituted Board do not have full control over the on-shore subsidiaries, or access to the on-shore subsidiaries books and records.
PRC Litigation
As previously disclosed in the Companys filings with the Securities and Exchange Commission, Wang Jiabiao (Mr. Wang), a former executive
of the Company, filed a claim in the PRC challenging the Companys resolutions removing him from positions at the Company and its on-shore subsidiaries. In April 2023, the litigation was withdrawn.
Mr. Wang is no longer involved with the operations of the Companys on-shore subsidiaries and is no longer occupying the Companys offices.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
Date: June 9, 2023
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NAM TAI PROPERTY INC. |
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By: |
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/s/ Yu Chunhua |
Name: |
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Yu Chunhua |
Title: |
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Chief Executive Officer |
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