FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For News Releases of:
February 3, 2003;
January 27, 2003;
January 23, 2003
NAM TAI ELECTRONICS, INC.
(Registrant's name in English)
15th Floor, China Merchants Tower, Shun Tak Centre
168-200 Connaught Road Central, Hong Kong
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
Announces $40 Million Expansion of Manufacturing Facilities
VANCOUVER, CANADA -- February 3, 2003 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NYSE Symbol: NTE; CBOE Symbol: QNA) today announced plans to
further expand its manufacturing facilities to meet the increased demand for
high-end electronics products by its customers. The projected cost for the new
facilities is estimated at $40 Million. The planned new facilities, adjacent to
Nam Tai's main manufacturing campus in Shenzhen, PRC, will add approximately
250,000 square feet to its existing manufacturing facilities with a planned
completion date before the end of September, 2004. The new production lines will
mainly focus on components for mobile phones including LCD modules and RF
modules, and box build manufacturing of mobile phones.
"Upon completion of the construction, we believe the new manufacturing
facilities will provide us with greater flexibility in responding to worldwide
growing demands from our customers," said Mr. Tadao Murakami, Chairman of Nam
Tai. "We are encouraged by our orders on hand, which represent the recognition
and satisfaction of our production capabilities by our customers. The Company
will continue to provide high quality products and services for customers.
Additionally, Nam Tai will further expand its lines of business by exploring new
markets and business opportunities."
Fourth Quarter Results and Analyst Conference Call
Nam Tai will release its unaudited fourth quarter results for the period ended
December 31, 2002 and its planned decision for the 2003 dividend amount at the
close of the market on Friday, February 14, 2003. The Company will hold a
conference call on Tuesday, February 18, 2002 at 10:00 a.m. Eastern Time for
analysts to discuss the fourth quarter results with management. Analysts who
wish to receive the toll free dial-in number for this conference call are
invited to contact the Investor Relations Office at 1-800-661-8831 no later than
6:00 p.m. Eastern Time on Friday, February 14, 2003.
About Nam Tai
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules, wireless communication terminals and their modules, transformers
and LCD panels. The Company utilises advanced production technologies such as
chip on board (COB), chip on glass (COG), chip on film (COF), surface mount
technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer
lead bonding (OLB) technologies. Further information is available at
www.namtai.com.Company utilises advanced production technologies such as chip on
board (COB), chip on glass (COG), chip on film (COF), surface mount technology
(SMT), ball grid array (BGA), tape automated bonding (TAB), and outer lead
bonding (OLB) technologies. Further information is available at www.namtai.com.
Except for the historical information contained herein, matters discussed in
this press release are forward-looking statements. For example, the estimated
cost and completion date of September 2004 for the planned manufacturing
facilities are a forward looking statements that are each subject to many
uncertain factors delays due to shortages of materials or skilled labor,
unforeseen engineering problems, work stoppages, weather interference, flood,
delays in obtaining or failure to obtain necessary permits from regulatory
authorities, or unanticipated costs increases. Other factors that might cause
differences in these and the other forward looking statements, include those
discussed in the Company's reports filed with the Securities and Exchange
Commission from time to time, such as the factors set forth in Item 3 "Key
Information - Risk Factors" in the Company's Annual Report on Form 20-F for the
year ended December 31, 2001.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
J.I.C.'s Strategic Investment in a Multimedia Interactive Solution Leader
iMagic Infomedia Technology Limited
VANCOUVER, CANADA -- January 27, 2003 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NYSE Symbol: NTE; CBOE Symbol: QNA;) today announced that its
major subsidiary J.I.C. Technology Company Limited ("J.I.C.") (HKSE Stock code:
987), a leading Hong Kong LCD panels manufacturer, has formed a strategic
partnership with the award-winning developer and supplier of advanced public
access solutions, iMagic Infomedia Technology Limited ("iMagic"), to jointly
develop the public access solutions business.
iMagic Infomedia Technology Limited is the parent company of PowerPhone Network
Limited. Globally recognized as a leader in its field, iMagic has extensively
deployed its interactive multimedia voice and data terminals in Asia and the
U.S. iMagic first received industry attention when it became the first company
in the world to commercially launch a touch screen web phone in 1996. Since
then, iMagic has developed numerous generations of front-end products such as
the PowerPhone series and the new iMagic Kiosk, an interactive communications
and transaction station. iMagic's solutions can be found in a number of
international airports, convention centres, rail and subway stations, hotels,
shopping malls, and other high traffic locations around the world. In addition
to its success as a developer of front-end products, iMagic has also developed a
highly sophisticated and powerful back-end management system, which enables
operators to track usage, revenue, system status, and content delivery.
iMagic has won projects from PRC's leading enterprises, including Beijing
Capinfo (a Hong Kong listed company), Beijing Telecom and Shanghai Telecom. It
also provides the services to various departments of the HKSAR Government, such
as Leisure & Cultural Services Department, Buildings Department, Cyberport, Hong
Kong International Airport, and the Kowloon-Canton Railway Corporation. In
addition, it provides products and services to major corporations such as Bank
of East Asia, Motorola and Blue Cross. Blue Cross is utilizing the iMagic Kiosk
to sell their PRC-related travel insurance at railway stations.
With its strategic partnership with Beijing Capinfo, iMagic has been selected as
a vendor to supply interactive multimedia solutions in Beijing in preparation
for the Olympic Games in 2008.
"In view of a great potential growth of the advanced public access solutions
business, we believe it presents a great opportunity for J.I.C. to make this
investment," commented Mr. Ivan Chui, Managing Director of J.I.C. "We are very
pleased to work with such a world leader in the multimedia interactive kiosk
solution industry to jointly develop public access solutions business.
Leveraging on iMagic's strong PRC networks and J.I.C.'s advanced production
technologies and expertise, we strongly believe that both companies are in a
win-win situation to capture the enormous business opportunities in China. In
the future, J.I.C. will continue to seek suitable strategic investments which
benefit its shareholders."
"We are proud to have J.I.C. investing in our company and I am convinced that
they will bring great value to our business," said Mr. Peter Tsang, CEO of
iMagic Infomedia Technology Limited. "Further to their core electronics
business, iMagic can also help expand their product line and markets in Greater
China. With the respective strengths of J.I.C. and iMagic, and with our shared
vision of Greater China and the global market, we shall be working hand in hand.
I believe that the potential for this union can bring in enormous
opportunities."
About iMagic
iMagic Infomedia Technology Limited, the parent company of PowerPhone Network
Limited, is the world's leading developer and provider of public multi-media
communication platforms. A convergence of voice, data, video, audio capabilities
and payment technologies, iMagic's solutions are interactive communication and
information platforms that provide a rich end-user experience while providing
new revenue streams to service providers. iMagic is a privately owned company
that is based in Hong Kong and exports its technology around the world. As the
developer of the world's first commercially deployed web payphone, PowerPhone,
and the highly advanced total kiosk solution, iMK, iMagic has contributed
significantly to the field of public communications. The company was awarded the
Financial Times Global Telecom's `Most Innovative Fixed Product of the Award,
1999-2002'. For more information about iMagic, please contact David Kim at Tel:
(852) 2169 7204 or visit their website at www.imagic.com.hk.
About Nam Tai
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules, wireless communication terminals and their modules, transformers
and LCD panels. The Company utilises advanced production technologies such as
chip on board (COB), chip on glass (COG), chip on film (COF), surface mount
technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer
lead bonding (OLB) technologies. Further information is available at
www.namtai.com.
NEWS RELEASE
NAM TAI ELECTRONICS, INC.
REPRESENTED BY: PAN PACIFIC I.R. LTD.
SUITE 1790 - 999 WEST HASTINGS STREET
VANCOUVER, B.C. CANADA V6C 2W2
TEL: (604) 669-7800 FAX: (604) 669-7816
TOLL FREE TEL & FAX: 1-800-661-8831
E-MAIL: investor@namtai.com
WEB SITE: www.namtai.com
CONTACT: LORNE WALDMAN
NAM TAI ELECTRONICS, INC.
Trades on the New York Stock Exchange
VANCOUVER, CANADA -- January 23, 2003 -- Nam Tai Electronics, Inc. ("Nam Tai" or
the "Company") (NYSE Symbol: NTE; CBOE Symbol: QNA;) today announced that its
shares commenced trading today on the New York Stock Exchange under the symbol
"NTE".
Chairman Tadao Murakami rang the opening bell in celebration of the event and
was joined at the podium by NYSE Chairman and Chief Executive Officer Richard A.
Grasso, and members of the Company's board of directors.
Peter R. Kellogg, a Nam Tai director and its second largest shareholder, in a
ceremony marking the first trade of Nam Tai shares on the New York Stock
Exchange purchased 1,000 common shares of the Company.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service
provider to some of the world's leading original equipment manufacturers. Nam
Tai manufactures telecommunication products, palm-sized PCs, personal digital
assistants, linguistic products, calculators and various components including
LCD modules, wireless communication terminals and their modules, transformers
and LCD panels. The Company utilises advanced production technologies such as
chip on board (COB), chip on glass (COG), chip on film (COF), surface mount
technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer
lead bonding (OLB) technologies. Further information is available at
www.namtai.com.
The Registrant hereby incorporates this Report on Form 6-K into its Registration
Statements on Form F-3 (Registration Nos. 333-36135 and 333-58468).
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.
For and on behalf of
Nam Tai Electronics, Inc.
/s/ MING KOWN KOO
-----------------------
MING KOWN KOO
CHIEF FINANCIAL OFFICER
Date: February 3, 2003