Investor Presentaiton
Abbreviated Chronology Recap
May 2020
IsZo filed a 13D,
disclosing 9.8% stake
in NTP and its intent to
remove 5 of the 7
Board members.
Lenders immediately
expressed their
concerns about the
stability of management
and the potential loss of
NTP's affiliation with
Kaisa.
September 2020
Shortly after IsZo's open
letter calling for a special
meeting, all of NTP's
lending banks notified the
Company that substantial
uncertainties would be
cast upon the Company's
operations and
management control in
light of recent actions
taken by IsZo and
reserved their rights to
withdraw their banking
facilities. In fact, the
Company repaid
approximately US $30
million at the demand of a
lending bank.
October 5, 2020
NTP raised $170 million
through a private
placement in response
to potential liquidity
crunch due to
withdrawals of the bank
facilities.
Early March 2021
A BVI court ruling voided the
private placement and required
NTP to convene a Special
Meeting regarding the
removal of directors.
March 2021
In response to the ruling, all
the Company's lenders
issued demand letters for
immediate repayment, and
lenders froze NTP's bank
accounts in their respective
banks
- March 15, 2021
Record Date for Special
Meeting.
April 26, 2021
Special Meeting
INVESTOR PRESENTATION
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