공시 • Mar 12
Bonso Electronics International, Inc. Appoints Anthony So, and Andrew So as Members of the Board of Director Bonso Electronics International Inc. announced that at its AGM held on March 8, 2024, the shareholders approved the appointment of Mr. Anthony So, and Mr. Andrew So as members of the Board of Directors to serve for the upcoming year. 공시 • Jun 14
Bonso Electronics International, Inc. Announces Plan to Delist from Nasdaq and Deregister Its Common Stock Bonso Electronics International Inc. announced that it will voluntarily delist its common stock from The Nasdaq Stock Market and, based upon ownership of its shares by fewer than 300 holders of record, deregister its common stock under the Securities Exchange Act of 1934, as amended (Exchange Act) and suspend its public reporting obligations. The Company’s Chairman, Anthony So stated undertook a thorough and thoughtful review of cost structure, including costs associated with being a Nasdaq listed and SEC reporting company. Board of Directors concluded that the benefits to the Company and its stockholders of continued Nasdaq listing and SEC reporting did not justify the costs of maintaining that listing and continuing to publicly report. The Board’s decision to delist and deregister its securities was made after careful and thorough consideration of the advantages and disadvantages of continuing registration and the continuing costs and demands on management time arising from compliance with SEC and other regulatory requirements. Bonso is eligible to deregister its securities because it has fewer than 300 holders of record. The Board of Directors believes the accounting, legal and administrative savings associated with delisting and deregistration, both in terms of cost and in time, are in the best interests of shareholders and BNSO. For BNSO’s size and the thinly traded nature of its stock, the Board believes the financial and management burden is disproportionate to the benefits of maintaining both its listing and its registered status. For these reasons, Board voted unanimously to voluntarily delist from Nasdaq and deregister under the Exchange Act". The Company intends to file a Form 25 with the Securities and Exchange Commission on or about June 23, 2023, and the Nasdaq delisting is expected to become effective on or about July 11, 2023, at which time trading on Nasdaq will cease. The common stock may thereafter be eligible for quotation on the Pink tier of OTC Markets Group if market makers commit to making a market in the Company’s shares. The Company can provide no assurance that trading in its common stock will continue on the OTC Markets Group or otherwise. After the Nasdaq delisting becomes effective, the Company will file a Form 15 with the Securities and Exchange Commission on or about July 12, 2023, at which time the Company anticipates that its obligation to file periodic reports under the Exchange Act, including annual and current reports on Form 20-F, and Form 6-K, respectively, will be suspended, and that all requirements associated with being an Exchange Act-registered company, including the requirement to file current and periodic reports, will terminate permanently 90 days thereafter. Upon termination of the registration of its Common Stock, the company's securities will not be eligible for trading on any national exchange or the OTCQB market. BNSO may periodically repurchase shares on the open market at prevailing market prices or in privately negotiated transactions following the filing of the Form 15. Reported Earnings • Apr 02
First half 2023 earnings released: US$0.33 loss per share (vs US$0.43 loss in 1H 2022) First half 2023 results: US$0.33 loss per share (improved from US$0.43 loss in 1H 2022). Revenue: US$5.37m (down 11% from 1H 2022). Net loss: US$1.60m (loss narrowed 24% from 1H 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Woo-Ping Fok was the last independent director to join the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Nov 01
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. 1 independent director (5 non-independent directors). Independent Director Woo-Ping Fok was the last independent director to join the board, commencing their role in 1994. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. 공시 • Aug 02
Bonso Electronics International Inc. announced delayed 20-F filing On 08/01/2022, Bonso Electronics International Inc. announced that they will be unable to file their next 20-F by the deadline required by the SEC. 