New York-listed electronics maker hopes to boost its brand and profile in the region New York-listed consumer electronics maker Nam Tai Electronics is seeking to spin off three subsidiaries on Hong Kong's stock market next year, raising about HK$2 billion. The mainland-based firm said the listings would raise its profile in the region. 'The aim of the listings is more of enhancing corporate governance and brand recognition in the mainland than raising funds,' said Koo Ming-kown, Nam Tai's founder and chief financial controller. The company failed in its attempt to list on the Hong Kong stock market more than a decade ago and instead floated on the Nasdaq in 1988. It transferred its listing to the main board of the New York Stock Exchange in January this year. In its second attempt at a Hong Kong listing, Nam Tai Electronics intends to spin off component maker Zastron Electronic (Shenzhen), electronic products manufacturer Namtai Electronic (Shenzhen) and software application developer Shenzhen Namtek. Zastron and Namtai Electronic (Shenzhen) are wholly owned by Nam Tai Electronics, and together account for about 90 per cent of the parent company's net asset value. This year, Zastron is expected to book a net profit of more than HK$100 million on turnover of about $1.5 billion, while Namtai Electronic (Shenzhen) is predicting a net profit of more than $150 million from more than $1 billion in sales. Founded in 1975 as a Hong Kong-based electronic products trading company, Nam Tai Electronics shifted its focus to manufacturing in 1978. It moved production plants to the mainland in 1980 to take advantage of lower production costs. Its products include mobile phone key components such as liquid crystal display modules and radio-frequency modules, and finished products including calculators and digital cameras for mobile phones. Nam Tai Electronics also holds equity interests in the mainland's leading consumer electronics maker TCL Corp and its subsidiaries - including 3 per cent of mobile phone maker TCL Mobile. Namtai Electronics (Shenzhen) holds 6 per cent in TCL Corp, which will float on Shanghai's A-share market. The company's equity stake in TCL Corp is valued at between $2 billion and $3 billion. Nam Tai Electronics also has convertible notes in Hong Kong-listed TCL International Holdings which, if exercised, would be equal to a 0.59 per cent holding. Nam Tai Electronics' net profit was US$20 million last year and is expected to reach between $36.9 million and $39.1 million this year.