{"id":450946,"date":"2021-03-04T10:16:04","date_gmt":"2021-03-04T15:16:04","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=450946"},"modified":"2021-03-04T10:16:04","modified_gmt":"2021-03-04T15:16:04","slug":"iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/","title":{"rendered":"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\">\nIsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders\n<\/p>\n<p class=\"bwalignc\"><b><i>Highlights That Eastern Caribbean Supreme Court has Ordered Nam Tai to Hold Special Meeting on April 26, 2021, Whereat Shareholders Can Vote to Reconstitute the Company\u2019s Board <\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Notes That Court has Ordered Company to Set a Record Date of March 15, 2021<\/i><\/b><\/p>\n<p class=\"bwalignc\"><b><i>Urges Shareholders to Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.FixNTP.com&amp;esheet=52390877&amp;newsitemid=20210304005710&amp;lan=en-US&amp;anchor=www.FixNTP.com&amp;index=1&amp;md5=33265e5a027cc3571d362f3a231b4f5e\">www.FixNTP.com<\/a> to Review the Court\u2019s Judgement, Which Includes Findings Regarding the Board\u2019s Breach of Fiduciary Duties During the Period in Which it Initiated the Now Voided Private Placement<\/i><\/b><\/p>\n<p>NEW YORK&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nIsZo Capital Management LP (together with its affiliates, \u201cIsZo\u201d or \u201cwe\u201d), which beneficially owns approximately 12.1% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (\u201cNam Tai\u201d or the \u201cCompany\u201d), today announced that the Eastern Caribbean Supreme Court (the \u201cCourt\u201d) has ordered the Company to<b \/>convene<b> a meeting of shareholders (the \u201cSpecial Meeting\u201d) on April 26, 2021<\/b><b>and fix a record date of<\/b><b>March 15, 2021<\/b>.<b \/>On September 11, 2020, IsZo delivered to Nam Tai verified requests to convene a Special Meeting from holders of approximately 40% of the Company\u2019s outstanding shares \u2013 a number far in excess of the 30% requirement (the \u201cRequisition\u201d). IsZo has been seeking to convene the Special Meeting for the purpose of providing shareholders an opportunity to reconstitute Nam Tai\u2019s Board of Directors (the \u201cBoard\u201d) by removing a majority of the incumbents and installing six highly-qualified and independent individuals: Michael Cricenti, Cindy Chen Delano, Bo Hu, Louis Leung, Paula J. Poskon and Jeffrey Tuder. IsZo believes that the right leadership can help unlock the true value of Nam Tai\u2019s current assets, which the Company\u2019s own valuation estimates have suggested is <span class=\"bwuline\">up to $40 per share<\/span>.\n<\/p>\n<p>\nIsZo is pleased that shareholders will finally have the opportunity to vote to reconstitute the Board at the Special Meeting now that the Court ruled in its favor and reached a judgement that voids the $170 million private placement executed by the Company on October 5, 2020. As a reminder, IsZo filed a lawsuit in October 2020 against Nam Tai, Kaisa Group Holdings Limited\u2019s (HKG:1638) (\u201cKaisa\u201d) wholly-owned subsidiary Greater Sail Limited (\u201cKaisa-Greater Sail\u201d) and West Ridge Investment Company Limited (\u201cWest Ridge\u201d) seeking to invalidate the Company\u2019s private placement, which had distributed more than 16 million common shares to Kaisa-Greater Sail, taking its ownership from 23.9% to 43.9% of the outstanding shares, and more than 2.6 million common shares to West Ridge. IsZo believed the private placement, which was executed after the Company received the Requisition to remove and replace the Kaisa-affiliated directors from the Board, represented a blatant entrenchment maneuver intended to prevent boardroom change at the Special Meeting by significantly boosting Kaisa\u2019s ownership and diluting other shareholders.\n<\/p>\n<p>\nIt is now clear based on the Court\u2019s findings that a majority of the incumbent directors, including Executive Chairman Dr. Lai Ling Tam, Dr. William Lo, Vincent Fok, Professor Si Zong Wu and Professor Aiping Lyu, betrayed shareholders and breached their duties when initiating the transaction. In its <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.eccourts.org%2Fiszo-capital-lp-v-nam-tai-property-inc-et-al%2F&amp;esheet=52390877&amp;newsitemid=20210304005710&amp;lan=en-US&amp;anchor=judgement&amp;index=2&amp;md5=3dda91f1268b176613bc343a9e85c900\">judgement<\/a> on March 3, 2021, the Court found that:<sup>1<\/sup><\/p>\n<ul class=\"bwlistdisc\">\n<li><i>\u201cIssuing shares to Kaisa had been raised as early as 8<sup>th<\/sup> June, before Dr. Tam came on the scene but also well before any problems with the banks arose. By 16<sup>th<\/sup> September it was not a new topic. The reinvestigation of it was not [\u2026] related to serious problems with the banks, because Dr. Tam only learnt of these in the conference call of 22<sup>nd<\/sup> September. <b>I find as a fact (a) that the reason for reviving the proposal on 16<sup>th<\/sup> September was the service of the requisition on 11<sup>th<\/sup> September; (b) that Dr. Tam wished to prevent a change in the board by the issuance of shares to keep de facto control with Kaisa. His purpose was not to avert some sudden risk of Nam Tai\u2019s financial collapse<\/b>.\u201d<\/i><\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>\u201cAn example of [Dr. Lo, Mr. Fok, Prof. Wu and Prof. Lyu\u2019s] want of independence is the proposal approved by the board meeting on 30<sup>th<\/sup> April 2020 for the consideration of the general meeting of Nam Tai in June. They approved putting Aaron Kwok forward for appointment to the board. As I have noted above, Aaron Kwok was a young man with no qualifications or relevant experience for appointment to the board whatsoever \u2014save being the son and nephew of YC and YS Kwok respectively. <b>The willingness of the four directors to approve this is strong evidence in my judgment that the four considered Nam Tai was a fiefdom of Kaisa and were happy with that position of vassalage<\/b>.\u201d<\/i><\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>\u201cThe four directors [Dr. Lo, Mr. Fok, Prof. Wu and Prof. Lyu] in evidence to me were all gushing in their praise of Kaisa. All considered the relationship an important part of Nam Tai\u2019s strategy. In my judgment, whatever the formal corporate governance status of these directors, <b>in reality they were heavily committed to supporting Kaisa\u2019s de facto control of Nam Tai. I find that the four directors were not, as a matter of fact, independent of Kaisa<\/b>.\u201d<\/i><\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>\u201c[Prof. Wu] had been a director of Nam Tai since July 2019 and was chairman of the audit committee. <b>It is not credible that he was unaware of the power dynamics on the board of Nam Tai.<\/b> He accepted that in preparation for the board meeting on 5<sup>th<\/sup> October he only \u2018had a brief look at the [board] papers.\u2019 He said he relied on the call from Dr. Tam on 3<sup>rd<\/sup> October for his information on the liquidity crisis and denied that he had been asked for his support. Whether or not he had been asked expressly for support, he must in my judgment have appreciated that Dr. Tam was expecting him to vote for the PIPE. <b>Prof. Wu was an experienced director. I find as a fact that he knew a vote for the PIPE would give de facto control of Nam Tai to Kaisa<\/b>.\u201d<\/i><\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><i>\u201cI turn first to Dr. Lo. He was a highly intelligent man. He must have been well aware of Nam Tai\u2019s case in these proceedings on the purpose of the PIPE and (as the re-examination shows) the difference in law between purpose and effect. The re-examination in my judgment tipped him off that he had made a concession in cross-examination which (if he was to support Nam Tai\u2019s case) he should not have made. In my judgment, Dr. Lo\u2019s answers in cross-examination are more likely to be true than the gloss put on them in re-examination.<b> I find as a fact that Dr. Lo\u2019s primary purpose in approving the PIPE was to ensure that the change in the board proposed by the requisitionists failed<\/b>.\u201d<\/i><\/li>\n<\/ul>\n<p>\nIn light of these and other findings, we anticipate many shareholders will be more motivated than ever to seek boardroom change at Nam Tai. <b>We encourage shareholders interested in voting at the Special Meeting to get in touch with IsZo\u2019s solicitor, Saratoga Proxy Consulting, at <a rel=\"nofollow\" href=\"mailto:info@saratogaproxy.com\">info@saratogaproxy.com<\/a> or (212) 257-1311.<\/b> Saratoga will help address all questions pertaining to the Special Meeting and the voting process.\n<\/p>\n<p><b><span class=\"bwuline\">Shareholders as of the close of business on March 15, 2021 (the \u201cRecord Date\u201d) are eligible to receive notice of and to vote at the Special Meeting. This means that Thursday, March 11, 2021 is the last day to purchase shares to vote at the Special Meeting. Please note that Nam Tai shareholders who have loaned, pledged or hypothecated any of their shares may not be able to vote their shares unless they are returned to their accounts before the Record Date.<\/span><\/b><\/p>\n<p>\nIn the days and weeks to come, IsZo will be sharing additional information about its director candidates\u2019 collective commitment to restoring the Board\u2019s credibility and working to unlock the intrinsic value of Nam Tai\u2019s portfolio. Our goal is to communicate with shareholders frequently ahead of the Special Meeting on April 26, 2021. Visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.FixNTP.com&amp;esheet=52390877&amp;newsitemid=20210304005710&amp;lan=en-US&amp;anchor=www.FixNTP.com&amp;index=3&amp;md5=1b1982d44431ba56f4eda6227a559b69\">www.FixNTP.com<\/a> for more information and to sign up for e-mail alerts.\n<\/p>\n<p>\n__________________________<br \/>\n<br \/><sup>1<\/sup> Emphasis added by IsZo.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210304005710\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210304005710\/en\/<\/a><\/span><\/p>\n<p>\nFor Investors:\n<\/p>\n<p>\nSaratoga Proxy Consulting LLC<br \/>\n<br \/>John Ferguson \/ Joe Mills, 212-257-1311<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:jferguson@saratogaproxy.com\">jferguson@saratogaproxy.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:jmills@saratogaproxy.com\">jmills@saratogaproxy.com <\/a><\/p>\n<p>\nFor Media:\n<\/p>\n<p>\nProfile<br \/>\n<br \/>Greg Marose \/ Rachel Goun, 347-343-2999<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:gmarose@profileadvisors.com\">gmarose@profileadvisors.com<\/a> \/ <a rel=\"nofollow\" href=\"mailto:rgoun@profileadvisors.com\">rgoun@profileadvisors.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders Highlights That Eastern Caribbean Supreme Court has Ordered Nam Tai to Hold Special Meeting on April 26, 2021, Whereat Shareholders Can Vote to Reconstitute the Company\u2019s Board Notes That Court has Ordered Company to Set a Record Date of March 15, 2021 Urges Shareholders to Visit www.FixNTP.com to Review the Court\u2019s Judgement, Which Includes Findings Regarding the Board\u2019s Breach of Fiduciary Duties During the Period in Which it Initiated the Now Voided Private Placement NEW YORK&#8211;(BUSINESS WIRE)&#8211; IsZo Capital Management LP (together with its affiliates, \u201cIsZo\u201d or \u201cwe\u201d), which beneficially owns approximately 12.1% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (\u201cNam Tai\u201d or the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-450946","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders Highlights That Eastern Caribbean Supreme Court has Ordered Nam Tai to Hold Special Meeting on April 26, 2021, Whereat Shareholders Can Vote to Reconstitute the Company\u2019s Board Notes That Court has Ordered Company to Set a Record Date of March 15, 2021 Urges Shareholders to Visit www.FixNTP.com to Review the Court\u2019s Judgement, Which Includes Findings Regarding the Board\u2019s Breach of Fiduciary Duties During the Period in Which it Initiated the Now Voided Private Placement NEW YORK&#8211;(BUSINESS WIRE)&#8211; IsZo Capital Management LP (together with its affiliates, \u201cIsZo\u201d or \u201cwe\u201d), which beneficially owns approximately 12.1% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (\u201cNam Tai\u201d or the &hellip; Continue reading &quot;IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-04T15:16:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders\",\"datePublished\":\"2021-03-04T15:16:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/\"},\"wordCount\":1381,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/\",\"name\":\"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"datePublished\":\"2021-03-04T15:16:04+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/#primaryimage\",\"url\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\",\"contentUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/","og_locale":"en_US","og_type":"article","og_title":"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders - Market Newsdesk","og_description":"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders Highlights That Eastern Caribbean Supreme Court has Ordered Nam Tai to Hold Special Meeting on April 26, 2021, Whereat Shareholders Can Vote to Reconstitute the Company\u2019s Board Notes That Court has Ordered Company to Set a Record Date of March 15, 2021 Urges Shareholders to Visit www.FixNTP.com to Review the Court\u2019s Judgement, Which Includes Findings Regarding the Board\u2019s Breach of Fiduciary Duties During the Period in Which it Initiated the Now Voided Private Placement NEW YORK&#8211;(BUSINESS WIRE)&#8211; IsZo Capital Management LP (together with its affiliates, \u201cIsZo\u201d or \u201cwe\u201d), which beneficially owns approximately 12.1% of the outstanding shares of Nam Tai Property Inc. (NYSE: NTP) (\u201cNam Tai\u201d or the &hellip; Continue reading \"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-04T15:16:04+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders","datePublished":"2021-03-04T15:16:04+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/"},"wordCount":1381,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/","name":"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","datePublished":"2021-03-04T15:16:04+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/#primaryimage","url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","contentUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210304005710r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en"},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/iszo-capital-provides-important-update-regarding-special-meeting-of-nam-tai-shareholders\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"IsZo Capital Provides Important Update Regarding Special Meeting of Nam Tai Shareholders"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/450946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=450946"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/450946\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=450946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=450946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=450946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}