Sunrider Posted January 8, 2021 Share Posted January 8, 2021 giving this a bump. The stock has run quite a bit but I can't see news flow .... and it's not clear to me how the iszo/kaisa battle concluded, other than seeing random tweets that the CEO was replaced. Does anyone know what's going on with the company? Thank you. Link to comment Share on other sites More sharing options...
elliott Posted January 10, 2021 Share Posted January 10, 2021 I dont know if it has concluded. Kaisa had several directors and executives in the company, not just the CEO/chairman. Additionally, the contracts already signed that benefit Kaisa over Nam Tai one way or another might not be undone. And the purchase of residential land may have severely impacted the returns of the company in the future, and I dont think it can be undone. In short, Kaisa has been using Nam Tai to cover for its deficiencies, so the Nam Tai of today is not the Nam Tai of say a year ago. To be clear, though, current share price may still be a bargain. I just have no clue. Link to comment Share on other sites More sharing options...
Sunrider Posted January 10, 2021 Share Posted January 10, 2021 I dont know if it has concluded. Kaisa had several directors and executives in the company, not just the CEO/chairman. Additionally, the contracts already signed that benefit Kaisa over Nam Tai one way or another might not be undone. And the purchase of residential land may have severely impacted the returns of the company in the future, and I dont think it can be undone. In short, Kaisa has been using Nam Tai to cover for its deficiencies, so the Nam Tai of today is not the Nam Tai of say a year ago. To be clear, though, current share price may still be a bargain. I just have no clue. Yes I’m also at the no clue stage so was trying to figure what has gone on to see if I can make heads or tails of it financially! Link to comment Share on other sites More sharing options...
hillfronter83 Posted January 11, 2021 Share Posted January 11, 2021 giving this a bump. The stock has run quite a bit but I can't see news flow .... and it's not clear to me how the iszo/kaisa battle concluded, other than seeing random tweets that the CEO was replaced. Does anyone know what's going on with the company? Thank you. It seems the trial will start around the end of this month. I thought the activist had good chance obtaining majority support from shareholders and unlocking value. After the private placement, I exited this position with a small profit. I underestimated the management's willingness to fight back. IMO, even if the activist can win in court, I suspect management has many tricks to screw shareholders, especially in China. Link to comment Share on other sites More sharing options...
lathinker Posted March 4, 2021 Author Share Posted March 4, 2021 So IsZo won at least the first round in the court: https://www.businesswire.com/news/home/20210303005608/en/IsZo-Capital-Pleased-by-Court%E2%80%99s-Ruling-to-Void-Nam-Tai%E2%80%99s-170-Million-Private-Placement Nam Tai is appealing the decision: https://www.sec.gov/Archives/edgar/data/829365/000156459021010470/ntp-6k_20210303.htm In the meantime, IsZo is drumming up support for the meeting they expect to on April 26: https://www.businesswire.com/news/home/20210304005710/en/IsZo-Capital-Provides-Important-Update-Regarding-Special-Meeting-of-Nam-Tai-Shareholders Like hillfronter, I expect that management/Kaisa will try some other tricks to try keeping control. Link to comment Share on other sites More sharing options...
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