Nam Tai Elec. (NTAI) Message Board

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Technology Stocks : Nam Tai Elec. (NTAI)

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To: Ron Bower who wrote (1546)	2/10/1999 1:38:00 PM
From: MikeM54321	Read Replies (1) of 1696

"Nam Tai Electronics, which controls more than half the group's issued share capital, is unwilling to support the group through a shareholder loan or subscription for new shares, unless successful measures are put in place for the restructuring of debts." Ron, Thanks for your re-post of SCMP news(excerpt above). Sure looks like NTAIF is looking to do a liquidation of Albatronics. Do you have any idea where we can get a look at the balance sheet of Albatronics? I would find it hard to imagine that the 9 million(US$) or 70 million (HK$) NTAIF invested in Albatronics isn't going to be a mini-windfall for them (when all is said and done). But a look at Albatronics numbers would be interesting. BTW, even after the Albatronics purchase, NTAIF still has about $70 million(US$) in cash. Thanks, MikeM(From Florida)

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