0001050502-01-500511.txt : 20011026
0001050502-01-500511.hdr.sgml : 20011026
ACCESSION NUMBER: 0001050502-01-500511
CONFORMED SUBMISSION TYPE: 6-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20011015
FILED AS OF DATE: 20011018
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BONSO ELECTRONICS INTERNATIONAL INC
CENTRAL INDEX KEY: 0000846546
STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590]
IRS NUMBER: 000000000
STATE OF INCORPORATION: K3
FISCAL YEAR END: 0331
FILING VALUES:
FORM TYPE: 6-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-17601
FILM NUMBER: 1761400
BUSINESS ADDRESS:
STREET 1: FLAT AD 8TH FLR 23-25 SHAN MEI ST
STREET 2: UNIVERSAL INDUSTL. CENTRE FO TAN SHA TIN
CITY: NEW TERRITORIES HONG
STATE: K3
BUSINESS PHONE: 011852260558224
MAIL ADDRESS:
STREET 1: FLAT AD 8TH FLR 23-25 SHAN MEI ST
STREET 2: UNIVERSAL INDUSTL CENTRE FO TAN SHA TIN
CITY: NT HONG KONG
STATE: K3
6-K
1
bonso6k.txt
6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For October 15, 2001
BONSO ELECTRONICS INTERNATIONAL INC.
------------------------------------
(Translation of Registrant's name into English)
Unit 1106-1110, 11F.,Star House 3 Salisbury Road
Tsimshatsui Kowloon, Hong Kong
------------------------------
(Address of principal executive offices)
[Indicate by check mark whether the Registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.]
Form 20-F X Form 40-F
--- ---
[Indicate by check mark whether the Registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.]
Yes No X
--- ---
BONSO ELECTRONICS EXTENDS EXPIRATION
DATE OF WARRANTS BY ONE YEAR
----------------------------
HONG KONG, October 15, 2001 - Bonso Electronics International Inc.
(NASDAQ:BNSO) today announced a one year extension of the expiration date of
common stock purchase warrants issued to shareholders of record on January 19,
2000. The new expiration date is December 31, 2002.
The 2,174,403 warrants, originally scheduled to expire on December 31,
2001, were issued as a dividend to shareholders. Each two warrants are
exercisable to purchase one share of Bonso common stock at a price of $17.50 per
share. If fully exercised, the number of outstanding shares of common stock will
be increased by 1,087,201 over the 5,601,859 shares presently outstanding.
Bonso shares were sold at $16.56 on the date prior to registration of the
warrants, according to NASDAQ records, but the market price has dropped
considerably since that time despite a 92 percent increase in revenues and a 361
percent increase in net income in fiscal 2001 over fiscal 2000, according to
Anthony So, Bonso chairman, president and CEO. "The Board of Directors has
elected to extend the exercise date in anticipation of a market correction in
the public valuation of Bonso shares," Mr. So said.
About Bonso Electronics
Headquartered in Hong Kong, 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 on behalf of
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. With the May
2001 acquisition of Korona Haushaltawaren, GmbH, a distributor of household
scales in Europe, Bonso is embarking on its first consumer marketing venture in
Europe and the U.S. under the Korona brand. Bonso also independently designs and
develops electronic products for private label markets. For further information,
visit the company's web site at www.bonso.com.
The statements contained in the press release which are not historical facts are
forward-looking statements that involve certain risks and uncertainties
including, but not limited to, risks associated with the uncertainty of future
financial results, additional financing requirements, development of new
products, government approval processes, the impact of competitive products or
pricing, technological changes, the effect of economic conditions and other
uncertainties detailed in the company's filings with the Securities and Exchange
Commission.
Contact:
Bonso Electronics International Inc.
------------------------------------
USA Contact:
George O'Leary--949-760-9611
Fax --949-760-9607
Hong Kong Contact:
Cathy Pang--011-852-2605-5822
Fax --011-852-2691-1724
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BONSO ELECTRONICS INTERNATIONAL INC.
(Registrant)
Date: October 17, 2001 By: /s/ Henry F. Schlueter
---------------- ---------------------------------------
Henry F. Schlueter, Assistant Secretary