VANCOUVER, CANADA -- January 23, 2003 -- Nam Tai Electronics, Inc. (“Nam Tai” or the “Company”) (NYSE Symbol: NTE; CBOE Symbol: QNA;) today announced that its shares commenced trading today on the New York Stock Exchange under the symbol “NTE”.
Chairman Tadao Murakami rang the opening bell in celebration of the event and was joined at the podium by NYSE Chairman and Chief Executive Officer Richard A. Grasso, and members of the Company's board of directors.
Peter R. Kellogg, a Nam Tai director and its second largest shareholder, in a ceremony marking the first trade of Nam Tai shares on the New York Stock Exchange purchased 1,000 common shares of the Company.
Nam Tai Electronics, Inc. is an electronics design and manufacturing service provider to some of the world’s leading original equipment manufacturers. Nam Tai manufactures telecommunication products, palm-sized PCs, personal digital assistants, linguistic products, calculators and various components including LCD modules, wireless communication terminals and their modules, transformers and LCD panels. The Company utilises advanced production technologies such as chip on board (COB), chip on glass (COG), chip on film (COF), surface mount technology (SMT), ball grid array (BGA), tape automated bonding (TAB), and outer lead bonding (OLB) technologies. Further information is available at www.namtai.com.