Bonso Electronics Reports Sale of Office Suite in Hong Kong
July 10 2008 - 7:30AM
PR Newswire (US)
TORTOLA, British Virgin Island, July 10
/Xinhua-PRNewswire-FirstCall/ -- Bonso Electronics International,
Inc (NASDAQ:BNSO) a designer and manufacturer of sensor based and
communications products, today announced the sale of its office
suite in Hong Kong. The company reported that the office suite
located at Unit 1106-1110, 11/F, Star House, 3 Salisbury Road,
Tsimshatsui, Kowloon, Hong Kong, was sold on March 31, 2008. The
selling price was USD 4,875,513 and the gain from this sale was USD
3,123,983. This office suite was sold in order to minimize the
maintenance fee, and the cash received will be reserved for future
development and investment. Starting from March 31, 2008, the Hong
Kong office is located at Unit 1915-1916, 19/F, Delta House, 3 On
Yiu Street, Shek Mun, Shatin, Hong Kong, which is a rented suite.
About Bonso Electronics Bonso Electronics designs, develops,
manufactures, assembles and markets a comprehensive line of
telecommunications products, electronic scales and weighing
instruments and health care products. Bonso products are
manufactured in the People's Republic of China for customers
primarily located in North America and Europe. Company services
include product design and prototyping, production tooling,
procurement of components, total quality management, and
just-in-time delivery. Bonso also independently designs and
develops electronic products for private label markets. For further
information, visit the company's web site at http://www.bonso.com/
. This news release includes forward looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities and Exchange Act of 1934, as
amended. Forward looking statements may be identified by such words
or phrases "should," "intends," "is subject to," "expects," "will,"
"continue," "anticipate," "estimated," "projected," "may," "we
believe," "future prospects," or similar expressions. The
forward-looking statements above involve a number of risks and
uncertainties. Factors that might cause actual results to differ
include, but are not limited to conditions in the general economy
and in the markets served by the Company; competitive factors, such
as price pressures and the potential emergence of rival
technologies; interruptions of suppliers' operations affecting
availability of component materials at reasonable prices; timely
development and market acceptance, and warranty performance of new
products; changes in product mix, costs and yields, fluctuations in
foreign currency exchange rates; uncertainties related to doing
business in Hong Kong and China; and the risk factors listed from
time to time in the Company's SEC reports. Forward-looking
statements do not include the impact of acquisitions or
dispositions of assets, which could affect results in the near
term. Actual results may differ materially. The Company assumes no
obligation to update the information in this issue. For more
information please contact: Albert So Financial Controller Tel:
+852-2605-5822 Fax: +852-2691-1724 DATASOURCE: Bonso Electronics
International, Inc CONTACT: Albert So of Bonso, +852-2605-5822, fax
+852-2691-1724 Web site: http://www.bonso.com/
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