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Nam Tai Property (NTP)

Filed: 13 Aug 17, 8:00pm

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 33*)

 

 

NAM TAI PROPERTY INC.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

629865 205

(former CUSIP Number)

G63907102

(current CUSIP Number)

Mr. M. K. Koo

c/o Nam Tai Property Inc.

Gushu Community, Xixiang Street

Baoan, Shenzhen

People’s Republic of China

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

August 11, 2017

(Date of Event Which Requires Filing of This Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box  ☐.

 

 

NOTE: Schedule filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 204.13d-7 for other parties to whom copies are to be sent.

 

 

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 

(Continued on following pages)


CUSIP No. G63907102 (former CUSIP No.: 629865 205) Page 2 of4

 

  1   

NAME OF REPORTING PERSONS

 

Ming Kown KOO and Sui Sin CHO (Husband and Wife)

 

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

 

None

  2 

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

(a)  ☐        (b)  ☐

 

  3 

SEC USE ONLY

 

  4 

SOURCE OF FUNDS

 

None

  5 

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ☐

 

  6 

CITIZENSHIP OR PLACE OF ORGANIZATION

 

  Canada         

 

NUMBER OF   SHARES   BENEFICIALLY   OWNED BY  

EACH   REPORTING   PERSON  

WITH  

     7      

SOLE VOTING POWER

 

None

     8  

SHARED VOTING POWER

 

None

     9  

SOLE DISPOSITIVE POWER

 

None

   10  

SHARED DISPOSITIVE POWER

 

None

11 

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

None (Item 5)

12 

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES    ☐

 

13 

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

 

0.00%

14 

TYPE OF REPORTING PERSON

 

IN

 

2


CUSIP No. G63907102 (former CUSIP No.: 629865 205) Page 3 of4

 

This statement constitutes Amendment No. 33 to the Schedule 13D dated May 29, 1997. This statement relates to the common shares, $0.01 par value (the “Common Shares”) of Nam Tai Property Inc. (the “Company”) organized under the laws of the British Virgin Islands, with principal executive offices located at Gushu Community, Xixiang Street, Baoan, Shenzhen, People’s Republic of China.

This Amendment No. 33 to Schedule 13D amends and supplements the Schedule 13D as follows. Except as provided herein, this Amendment No. 33 does not modify any of the information previously reported on such Schedule 13D, including any amendment thereto.

 

Item 5.Interest in Securities of the Issuer.

(a) As a result of receipt of the purchase price by the Reporting Persons on August 11, 2017, for the sale of the Company’s Common Shares held by them (“Sale Shares”) to Kaisa Group Holdings Limited (“Kaisa”), in accordance with the terms of the share purchase agreement, dated July 11, 2017, the Reporting Persons no longer have beneficial ownership of any of the Company’s Common Shares.

On August 11, 2017, the Reporting Persons provided an undertaking to Kaisa, that the purchase price received will be held in escrow for up to 30 days until such time the transfer of the Sale Shares is effected on the system of Computershare Inc., the Company’s transfer agent, and documentary evidence of the transfer is provided to Kaisa. Further, the transaction may be unwound and voided, at Kaisa’s option, if the transfer of the Sale Shares is not effected within the 30-day escrow period.

(e) The Reporting Persons ceased to be beneficial owners of 5% or more of the Company’s Common Shares on August 11, 2017.

 

3


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: August 14, 2017   /s/ Ming Kown Koo
   Ming Kown Koo
   /s/ Sui Sin Cho
   Sui Sin Cho