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
The disclosure states that the Oasis II fund paid a total of
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.
How much did Oasis pay for its Nam Tai Property (NTPIF) shares and how were they funded?
The Oasis II fund paid a total of $30,900,921.85 to acquire the 12,549,987 Nam Tai Property common shares. The filing states that funds came from the fund’s general working capital and margin account borrowings secured by securities held in its accounts.
What share count did Oasis use to calculate its 20.7% stake in Nam Tai Property (NTPIF)?
The reported 20.7% ownership percentage is calculated using 60,494,772 Nam Tai Property common shares outstanding, a figure the issuer provided to the reporting persons.
What voting and dispositive power do the reporting persons have over Nam Tai Property (NTPIF) shares?
Each reporting person shows 0 shares with sole voting or sole dispositive power and 12,549,987 shares with shared voting and shared dispositive power, matching the full reported beneficial ownership.
Have the reporting persons recently traded Nam Tai Property (NTPIF) shares?
The document states that, within the past sixty days, only Oasis II Master Fund traded Nam Tai common shares, and those trades were open-market transactions. The other reporting persons did not enter into any Nam Tai share transactions in that period.