Oasis discloses 20.7% ownership of Nam Tai Property (OTC: NTPIF)
Rhea-AI Filing Summary
Oasis Management Company Ltd., Oasis Investments II Master Fund Ltd. and Seth Fischer report updated beneficial ownership in Nam Tai Property Inc..
They disclose holding 12,549,987 Nam Tai Property common shares, representing 20.7% of the 60,494,772 shares outstanding. The shares were acquired for an aggregate purchase price of $30,900,921.85, funded through the Oasis II fund’s general working capital and margin borrowings secured by securities in its accounts. Recent trading activity in the past sixty days occurred only in the Oasis II fund via open-market transactions, while the other reporting persons had no trades.
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Insights
Oasis and affiliates report beneficial ownership of 12,549,987 Nam Tai shares.
Oasis Management Company Ltd., Oasis Investments II Master Fund Ltd. and Seth Fischer jointly report beneficial ownership of 12,549,987 Nam Tai Property common shares. This position represents 20.7% of 60,494,772 common shares outstanding, based on figures provided by the issuer. Each reporting person shows shared voting and shared dispositive power over the full 12,549,987 shares, with no sole voting or dispositive power.
The disclosure states that the Oasis II fund paid a total of $30,900,921.85 to acquire these shares. Funds came from general working capital and margin borrowings, with the margin loans secured by securities held in the fund’s brokerage accounts. Because multiple securities are pledged in those accounts, the document notes that the precise amount of margin debt attributable to the Nam Tai position cannot be determined from this information alone.
The report also clarifies recent trading activity. Within the past sixty days, only Oasis II Master Fund traded Nam Tai common shares, and those transactions occurred in the open market as listed in an accompanying schedule. The other reporting persons did not enter into any transactions in Nam Tai common shares during that period.
FAQ
What ownership stake in Nam Tai Property (NTPIF) does Oasis report?
Oasis Management, Oasis Investments II Master Fund and Seth Fischer report beneficial ownership of 12,549,987 Nam Tai Property common shares, equal to 20.7% of the company’s outstanding common shares.
Who are the reporting persons in this Nam Tai Property (NTPIF) ownership filing?
The reporting persons are Oasis Management Company Ltd., Oasis Investments II Master Fund Ltd. and individual investor Seth Fischer, each reporting shared voting and dispositive power over the same block of shares.