News
MACAO, CHINA – EMS provider Nam Tai Electronics today provided an update to the proposed reorganization of Nam Tai Group and its subsidiaries, NTEEP and JIC.
Nam Tai will take maintain its 73.18% stake in NTEEP and its 74.99% stake in J.I.C. Nam Tai will reduce its holdings in Zastron by 26.82 points, to 73.18%.
"We believe that the reorganization of our group structure, if completed on the bases of the revised proposals, would achieve a balance in the interests of our shareholders and those shareholders of our Hong Kong subsidiaries holding public-float shares," said John Q. Farina, Nam Tai's chief financial officer.
The reorganization of NTEEP and JIC under the revised proposal requires approval of a majority of the public-float shareholders of each subsidiary, and extraordinary general meetings for each company to present the proposals for reorganization as revised to its respective shareholders are to be scheduled in December.
Following the reorganization, the key assets of the enlarged JIC Technology Co. Ltd. will be cash and Namtek. JIC will carry out its business through Namtek (including two wholly-owned subsidiaries), a solution provider for digital dictionary software development in Japanese electronics. JIC aims to look for investments in business engaged in software development and design services, and other investments such as properties and bonds. JIC's business will not involve any interests in electronics manufacturing services.
JIC expects that cash balance of approximately $38.5 million will be used in investments or for ordinary share dividend payment to JIC shareholders, or a combination of both by June 30.
Combined year-to-date revenue of Namtek was $2.2 million. Combined net profit was $700,000. The combined net asset value of Namtek was $3 million as of Sept. 30.
Nam Tai will take maintain its 73.18% stake in NTEEP and its 74.99% stake in J.I.C. Nam Tai will reduce its holdings in Zastron by 26.82 points, to 73.18%.
"We believe that the reorganization of our group structure, if completed on the bases of the revised proposals, would achieve a balance in the interests of our shareholders and those shareholders of our Hong Kong subsidiaries holding public-float shares," said John Q. Farina, Nam Tai's chief financial officer.
The reorganization of NTEEP and JIC under the revised proposal requires approval of a majority of the public-float shareholders of each subsidiary, and extraordinary general meetings for each company to present the proposals for reorganization as revised to its respective shareholders are to be scheduled in December.
Following the reorganization, the key assets of the enlarged JIC Technology Co. Ltd. will be cash and Namtek. JIC will carry out its business through Namtek (including two wholly-owned subsidiaries), a solution provider for digital dictionary software development in Japanese electronics. JIC aims to look for investments in business engaged in software development and design services, and other investments such as properties and bonds. JIC's business will not involve any interests in electronics manufacturing services.
JIC expects that cash balance of approximately $38.5 million will be used in investments or for ordinary share dividend payment to JIC shareholders, or a combination of both by June 30.
Combined year-to-date revenue of Namtek was $2.2 million. Combined net profit was $700,000. The combined net asset value of Namtek was $3 million as of Sept. 30.
CRANSTON, RI – AIM has acquired the right to sell SN100C solder paste and cored wire solder globally, in a deal struck with patent holder Nihon Superior last week. No financial or other terms were announced.
AIM has been formulating flux chemistries for these products for the North America and China markets for more than two years, the company reports. Manufacturing takes place at the company’s manufacturing plants in North America and Shenzhen. Sales and support services are offered worldwide.
AIM has been formulating flux chemistries for these products for the North America and China markets for more than two years, the company reports. Manufacturing takes place at the company’s manufacturing plants in North America and Shenzhen. Sales and support services are offered worldwide.
WELLESLEY, MA – The world market for electronic products was worth some $1.8 trillion in 2006, and is expected to increase to $2 trillion in 2007 and $3.2 trillion in 2012, a CAGR of 9.5% over the next five years, reports BCC Research.
ATLANTA – UP Media Group Inc., parent company of Circuits Assembly and Printed Circuit Design & Fab, announced today that online registration for Virtual PCB, the industry's first virtual trade show and conference for the PCB design, fabrication and assembly markets, will open on Dec. 7.
VANCOUVER – Dr. Shigeo Shingo, credited with codeveloping TPS, also known as Lean, has published a new book called Kaizen and the Art of Creative Thinking.
In the book, Dr. Shingo reveals how he taught Toyota and other Japanese companies the art of identifying and solving problems.
Six models – the scientific thinking mechanism – are presented. These frameworks permit groups to deconstruct problems and rebuild them into improvement ideas. This concept is said to provide the foundation for any Lean initiative.
Dr. Shingo co-created the Lean concepts with Taiichi Ohno in the 1940s and 1950s while working at the Amano Manufacturing Plant in Yokohama, Japan.
To download a chapter of the book, visit http://www.superfactory.com/articles/Bodek_Kaizen_Creative_Excerpt.htm.
The book is available at www.enna.com.
In the book, Dr. Shingo reveals how he taught Toyota and other Japanese companies the art of identifying and solving problems.
Six models – the scientific thinking mechanism – are presented. These frameworks permit groups to deconstruct problems and rebuild them into improvement ideas. This concept is said to provide the foundation for any Lean initiative.
Dr. Shingo co-created the Lean concepts with Taiichi Ohno in the 1940s and 1950s while working at the Amano Manufacturing Plant in Yokohama, Japan.
To download a chapter of the book, visit http://www.superfactory.com/articles/Bodek_Kaizen_Creative_Excerpt.htm.
The book is available at www.enna.com.
HUIZHOU, CHINA – Foxconn International plans to spend more than $500 million on a new campus in Huizhou that, when up and running, will employ more than 10,000 workers.
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