VANCOUVER, BC -- Nam Tai Electronics has invested $3.4 million in three surface mount lines this quarter, raising its production capacity by about 17% based on passive chip placement. 

Separately, the company has agreed to sell its unoccupied office space in Hong Kong for approximately $20 million. The deal is expected to close April 20, with an expected gain of $10 million.

"We are very pleased to see increasing demand of the high-tech key component sub-assemblies of telecommunication products, which is currently our main focus," said M.K. Koo, chairman of Nam Tai. "With our ongoing enhancement of our production capacity, we are well equipped to continuously gain market share in the key component sub-assemblies business and achieve earnings growth."

Nam Tai is an electronics manufacturing and design services provider. It has two Hong Kong listed subsidiaries, Nam Tai Electronic & Electrical Products Ltd. and J.I.C. Technology Company Ltd.