Bonso Electronics International, Inc.

1.30

-1.1900-47.79%

Volume:1.71K

Turnover:2.56K

Market Cap:6.31M

PE:-2.64

High:2.40

Open:1.52

Low:1.30

Close:2.49

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Bonso Electronics Reports On Redevelopment of The Shenzhen Factory and Potential Loss of Revenue

PR Newswire

·

09 Apr

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Based on the tightened governmental requirements for redevelopment of old factory land and the weak property market conditions in Shenzhen, the Company and our development partner have decided to terminate the redevelopment application. Bonso will take back the Shenzhen factory and will rent it out under its existing condition to third parties. The rental income to be generated under the existing condition will be significantly less than the rental income that would have been generated after redevelopment. 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