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 August 2022

Commission File Number 001-31583

 

 

NAM TAI PROPERTY INC.

(Translation of registrant’s name into English)

 

 

Namtai Industrial Estate

No. 2 Namtai Road, Gushu Community, Xixiang Township

Baoan District, Shenzhen City, Guangdong Province

People’s 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

As previously disclosed in the Form 6-K filed by Nam Tai Property Inc. (the “Company”) on July 12, 2022, Nam Tai Group Limited (“NTG Limited”), a wholly owned subsidiary of the Company, brought a case against Wang Jiabiao and Zhang Yu (the “Defendants”), in which NTG Limited alleged that after lawfully removing the Defendants from their positions on the Company and Nam Tai Investment (Shenzhen) Co. Ltd.’s (“NTI”) investment team, the Defendants continued to illegally possess and control the company seals (also known as “chops”) and certificates of NTI and to take actions that harmed the interests of NTI. On July 5, 2022, the Shenzhen Qianhai Cooperation Zone People’s Court (the “Court”) in the People’s Republic of China (the “PRC”) issued an injunction order that prohibits the Defendants from using the company seals (including company official seal, special financial seal, special contract seal, legal representative seal and invoice seal) and certificates (including business licenses, organization code certificate and tax registration certificate) of NTI.

On August 15, 2022, the Court issued an order to freeze the bank accounts and assets (the “Freeze Order”) of the Defendants. The Freeze Order provides that four bank accounts belonging to the Defendants, in their personal capacity, in different banks in the PRC will be frozen until July 2023 and that certain vehicles and real estate property will be preserved and seized from the Defendants, until July 2024 and July 2025, respectively.

A copy of the press release discussing the Freeze Order has been attached as Exhibit 99.1 hereto. Copies of the Freeze Order have been attached hereto in both English and Chinese as Exhibits 99.2 and 99.3, respectively.

Exhibit Index

 

Exhibit No.		Description
99.1		Press Release, dated August 18, 2022
99.2		Order of the Shenzhen Qianhai Cooperation Zone People’s Court, Yue 0391 Min Chu No. 4737, dated August 15, 2022 (English)
99.3		Order of the Shenzhen Qianhai Cooperation Zone People’s Court, Yue 0391 Min Chu No. 4737, dated August 15, 2022 (Chinese)

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: August 19, 2022

 

Exhibit 99.1

Nam Tai Property Announces Court Order Freezing the

Bank Accounts and Assets of Former Executives Wang

Jiabiao and Zhang Yu

Qianhai Court Previously Ordered That Mr. Wang and Ms. Zhang – Who Have Long-Standing Ties to

Kaisa Group – Were Prohibited from Using Corporate Chops and Business Licenses

SHENZHEN, China—(BUSINESS WIRE)--Nam Tai Property Inc. (NYSE: NTP) (“Nam Tai” or the “Company”) today announced that the Shenzhen Qianhai Cooperation Zone People’s Court (the “Court”) has granted its subsidiary’s request to freeze the bank accounts and assets of Wang Jiabiao and Zhang Yu, who were terminated by the Company’s reconstituted Board of Directors (the “Board”) in the fourth quarter of 2021. This follows the Court’s recent order that prohibited Mr. Wang and Ms. Zhang from using the corporate chops and business licenses of Nam Tai Investment (Shenzhen) Co., Ltd. (“Nam Tai Investment”), a wholly owned indirect subsidiary of the Company, during ongoing litigation. Mr. Wang and Ms. Zhang, who are long-standing affiliates of Kaisa Group Holdings Limited (collectively with its affiliates, “Kaisa”) and have spent the last several months purporting to represent Nam Tai Investment, are restricted from dissipating assets of Nam Tai Investment and entering into new corporate arrangements on behalf of Nam Tai Investment.

Michael Cricenti, Nam Tai’s Chairman, commented:

“We are pleased to continue making progress and sustaining momentum with our legal strategy. By obtaining this Court order, we have made it more difficult for Mr. Wang and Ms. Zhang to meddle in Nam Tai’s affairs and undermine local stability. Our plan is to continue aggressively pursuing claims against Mr. Wang, Ms. Zhang and Kaisa, while also engaging in good faith discussions with policymakers to demonstrate our commitment to making long-term investments across mainland China. Our Board will continue to do everything in its power to obtain on-shore control and achieve sustained value for stakeholders.”

Forward-Looking Statements

Certain statements included in this announcement, other than statements of historical fact, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements, which are subject to risks, uncertainties, and assumptions, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business and the industry in which we operate. Such forward-looking statements include, among other things, statements regarding the anticipated effects of the order, the Company’s plans and expectations with respect to litigation and regulatory actions in the process to gain on-shore control, its ability to gain on-shore control, and its ability to achieve sustained value for stakeholders. These statements are only predictions based on our current expectations about future events. There are several factors, many beyond our control, which could cause results to differ materially from our expectations, including, among other things, the future actions of Mr. Wang and Ms. Zhang, the Company’s success with respect to its litigation and regulatory actions, other impediments to gaining on-shore control, timing of gaining on-

shore control and general market conditions in the real estate sector. Any of these factors could, by itself, or together with one or more other factors, adversely affect our business, results of operations or financial condition. There may also be other factors currently unknown to us, or have not been described by us, that could cause our results to differ from our expectations. Although we believe the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. You should not rely upon forward-looking statements as predictions of future events. These forward-looking statements apply only as of the date of this announcement; as such, they should not be unduly relied upon as circumstances change. Except as required by law, we are not obligated, and we undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstance occurring after the date of this announcement or those that might reflect the occurrence of unanticipated events.

About Nam Tai Property

Nam Tai Property Inc. is an owner-operator of commercial real estate projects across China. The Company currently maintains two industrial complex projects, with one in Guangming, Shenzhen and one in Bao’an, Shenzhen. Learn more about the Company’s portfolio and strategic priorities by emailing our investor relations team or visiting Weibo: https://weibo.com/u/7755634761.

Contacts

For Shareholders:

Longacre Square Partners

Greg Marose / Ashley Areopagita, 646-386-0091

ntp@longacresquare.com

Exhibit 99.2

Shenzhen Qianhai Cooperation Zone People’s Court,

Guangdong Province, People’s Republic of China,

Notice of Preservation (Freezing or Detention) Results

(2022) Yue 0391 Min Chu No. 4737

(2022) Yue 0391 Zhi Bao No. 2175

To Nam Tai Group Limited:

With regard to the disputes among the plaintiff Nam Tai Group Limited, the defendants Wang Jiabiao and Zhang Yu, and the third parties Nam Tai Investment (Shenzhen) Co., Ltd and Alva Yu over the liability for infringement upon the interests of company, in accordance with your application for property preservation filed to the court, the court has made the (2022) Yue 0391 Min Chu No. 4737 Civil Ruling in force, and the following measures of property preservation were taken:

1. Carrying out the freezing of the deposits in the bank account 6217007200086458935 of China Construction Bank Corporation, Shenzhen Branch, which is in the name of the defendant Wang Jiabiao (ID number: 441522198309221018). The result of freezing is: based on the available balance in the bank account, RMB 2,726.98 has actually been frozen, with the maximum amount of RMB 2,138,968,681.90 to freeze, for the period from July 28, 2022 to July 27, 2023.

2. Carrying out the freezing of the deposits in the bank account 6013822000620128184 of Bank of China Limited, Shenzhen Branch, which is in the name of the defendant Wang Jiabiao (ID number: 441522198309221018). The result of freezing is: based on the available balance in the bank account, RMB 5,718.63 has actually been frozen, with the maximum amount of RMB 2,138,968,681.90 to freeze, for the period from July 28, 2022 to July 27, 2023.

3. Carrying out the freezing of the deposits in the bank account 6228460128004214774 of Agricultural Bank of China Ltd., Shenzhen Branch, which is in the name of the defendant Wang Jiabiao (ID number: 441522198309221018). The result of freezing is: based on the available balance in the bank account, RMB 2,676.91 has actually been frozen, with the maximum amount of RMB 2,138,968,681.90 to freeze, for the period from July 28, 2022 to July 27, 2023. Note: the new card number has been replaced with 6228480128847381471 (the renewal, unfreezing and transfer of freezing property with this new card number).

4. Carrying out the freezing of the deposits in the bank account 4000022301124751136 of Industrial and Commercial Bank of China Ltd., Shenzhen Branch, which is in the name of the defendant Wang Jiabiao (ID number: 441522198309221018). The result of freezing is: based on the available balance in the bank account, RMB 0.00 has actually been frozen, with the maximum amount of RMB 2,138,968,681.90 to freeze, for the period from July 28, 2022 to July 27, 2023.

5. Carrying out the preservation of a vehicle with the license plate number Yue B8WQ28 which is in the name of the defendant Wang Jiabiao (ID number: 441522198309221018). The result is: the vehicle has been seized for the period from July 29, 2022 to July 28, 2024

6. Carrying out the preservation of a vehicle with the license plate number Yue BDG5111 which is in the name of the defendant Zhang Yu (ID number: 421003198005140104). The result is: the vehicle has been seized for the period from July 29, 2022 to July 28, 2024.

7. Carrying out the preservation of a vehicle with the license plate number Yue B1305T which is in the name of the defendant Zhang Yu (ID number: 421003198005140104). The result is: the vehicle has been seized for the period from July 29, 2022 to July 28, 2024.

8. Carrying out the preservation registration of the property located at 18N, Block B, Xiandaizhichuang Building, at the intersection of Huaqiang North Road and Zhenhua Road, Futian District (100% share of possession, and real estate certificate number is Yue (2019) Shenzhen Real Estate Right No. 0217396), which is in the name of the defendant Zhang Yu (ID number: 421003198005140104). The seizure period is from July 29, 2022 to July 28, 2025.

In accordance with Article 485 of Interpretation of the Supreme People’s Court on the Application of the Civil Procedure Law of the People’s Republic of China and related provisions, if it is necessary to renew the seizure, as the court requested, you shall submit a written application to the court for renewal of the seizure and freezing of the aforementioned property 30 days before the expiration of the control period; otherwise, the legal consequences of the aforementioned property being released from the compulsory measures due to the overdue application shall be borne by you.

Aforementioned seizure, freezing and detention are measures of property preservation. A copy of this notice shall be submitted at the time of application of enforcement.

(court seal)

August 15, 2022

Contact: Assistant Wu             Tel: 0755-86706636

Address: Fazhi Building, Linhai Avenue, Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, Guangdong, China

Exhibit 99.3

广东省深圳前海合作区人民法院

查封（冻结、扣押）财产通知书

（2022）粤 0391 民初 4737 号

（2022）粤 0391 执保 2175 号

南太集团有限公司：

关于原告南太集团有限公司与被告张瑜、王家标、第三人南太投资（深圳）有限公司、郁春华损害公司利益责任纠纷一案，根据你方提出的财产保全申请，本院已于 2022 年 7 月 21 日作出 （2022）粤 0391 民初 4737 号生效民事裁定，并依法采取了以下财产保全措施:

一、已办理被告王家标 （公民身份号码 441522198309221018）

名下中国建设银行股份有限公司深圳市分行 6217007200086458935 账户内存款的冻结，冻结结果为：根据该账户内可用余额，已实际冻结人民币 2726.98 元，冻结额度为人民币 21389681.90 元，期限自 2022 年 7 月 28 日至 2023 年 7 月 27 日。

二、已办理被告王家标 （公民身份号码 441522198309221018）名下中国银行股份有限公司深圳市分行 6013822000620128184 账户内存款的冻结，冻结结果为：根据该账户内可用余额，已实际冻结人民币 5718.63 元，冻结额度为人民币 21389681.90 元，期限自 2022 年 7 月 28 日至 2023 年 7 月 27 日。

三、已办理被告王家标 （公民身份号码 441522198309221018）名下中国农业银行股份有限公司深圳市分行 6228460128004214774 账户内存款的冻结，冻结结果为：根据该账户内可用余额，已实际冻结人民币 2676.91 元，冻结额度为人民币 21389681.90 元，期限自 2022 年 7 月 28 日至 2023 年 7 月 27 日。备注：已换新卡号：6228480128847381471（办 理续冻、解冻、扣划填写此新卡号）。

四、已办理被告王家标 （公民身份号码 441522198309221018）名下中国工商银行股份有限公司深圳市分行 4000022301124751136 账户内存款的冻结，冻结结果为：根据该账户内可用余额，已实际冻结人民币 0.00 元，冻结额度为人民币 21389681.90 元，期限自 2022 年 7 月 28 日至 2023 年 7 月 27 日。

五、已办理被告王家标 （公民身份号码 441522198309221018）名下车牌号码为粤 B8WQ28 的小型汽车的查封，查封结果为：已查封，期限自 2022 年 7 月 29 日至 2024 年 7 月 28 日。

六、已办理被告张瑜（公民身份号码 421003198005140104） 名下车牌号码为粤 BDG5111 的小型汽车的查封，查封结果为：已查封，期限自 2022 年 7 月 29 日至 2024 年 7 月 28 日。

七、已办理被告张瑜（公民身份号码 421003198005140104） 名下车牌号码为粤 B1305T 的小型汽车的查封，查封结果为：已 查封，期限自 2022 年 7 月 29 日至 2024 年 7 月 28 日。

八、已办理被告张瑜（公民身份号码 421003198005140104） 名下位于福田区华强北路与振华路交汇处现代之窗大厦 B座 18N 房产（占有份额 100%，不动产权证证号粤（2019）深圳市不动产权第 0217396号）的查封登记。查封期从 2022 年 7 月 29 日至 2025 年 7 月 28 日。

根据《最高人民法院关于适用 <中华人民共和国民事诉讼法>的解释》第四百八十五条等相关规定，如需续行查封的，本院要求你方在上述财产控制期限届满 三十日前，向本院提出续封、续冻的书面申请；否则，因逾期提出申请导致上述财产被解除强制措施的法律后果将由你方自行承担。

上述查封、冻结、扣押行为属于财产保全措施，申请执行时应同时提交本通知书复印件。

 

二〇二二年八月十五日

 

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联系人：吴助理 联系电话：0755-86706636

地址：广东省深圳市前海深港现代服务业合作区临海大道法治大厦

 

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