RTTNews | Dec 16, 2021 12:13PM EST

12:13 Thursday, December 16, 2021 (RTTNews.com) - Chinese real-estate company, Nam Tai Property Inc. (NTP), is down 7% on no particular corporate-related news by the company. The company announced earlier this week announced a poison pill strategy to prevent any person from surreptitiously obtaining control of the company or from obtaining control without providing an acceptable premium to all shareholders. The plan is in relation to the shareholder revolt on the first week of this month which resulted in the ejection of six Kaisa-appointed directors and replaced them with IsZo Capital executives. In the past 30-days, the stock has dropped 53%. The stock is currently trading at $10.84, down $0.88 or 7.51% since the previous close at $11.72. The stock opened at $11.95 in the morning. In the 52-week period, the shares have ranged between $4.70 and $37.88.

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