Bonso Electronics Shares Fall as Company Plans Delisting

Dow Jones

Jun 13, 2023

By Will Feuer

Shares of Bonso Electronics International fell more than 14% after the component maker said it plans to delist its shares from Nasdaq and deregister its stock under the Securities Exchange Act.

The stock was down by about 14% to $2.59 in premarket trading Tuesday. Over the past 12 months, shares were up 6.8% through Monday's close.

The company said it is deregistering its stock because its shares are owned by fewer than 300 holders. Chairman Anthony So said the company weighed the costs associated with continued listing on the Nasdaq, and determined that the benefits didn't justify the costs.

"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," he said.

Write to Will Feuer at Will.Feuer@wsj.com

(END) Dow Jones Newswires

June 13, 2023 06:28 ET (10:28 GMT)

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Over the past 12 months, shares were up 6.8% through Monday's close. \n</p>\n<p>\n  The company said it is deregistering its stock because its shares are owned by fewer than 300 holders. Chairman Anthony So said the company weighed the costs associated with continued listing on the Nasdaq, and determined that the benefits didn't justify the costs. \n</p>\n<p>\n  \"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,\" he said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Will Feuer at Will.Feuer@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) <a href=\"https://laohu8.com/S/DJS\">Dow Jones</a> Newswires\n</p>\n<p>\n  June 13, 2023 06:28 ET (10:28 GMT)\n</p>\n<p>\n  Copyright (c) 2023 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_NQ","symbol_name":"NQ100指数","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2343646042","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2343646042","pubTimestamp":1686652080,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Bonso Electronics International fell more than 14% after the component maker said it plans to delist its shares from Nasdaq and deregister its stock under the Securities Exchange Act.The stock was down by about 14% to $2.59 in premarket trading  Tuesday. Over the past 12 months, shares were up 6.8% through Monday's close.The company said it is deregistering its stock because its shares are owned by fewer than 300 holders. Chairman Anthony So said the company weighed the costs associated with continued listing on the Nasdaq, and determined that the benefits didn't justify the costs.\"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,\" he said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4157":"电子设备和仪器"},"translate_title":"邦索电子股价下跌，公司计划退市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NQmain":0.68,"BNSO":1},"content_text":"By Will Feuer \n\n\n \n\n\n  Shares of Bonso Electronics International fell more than 14% after the component maker said it plans to delist its shares from Nasdaq and deregister its stock under the Securities Exchange Act. \n\n\n  The stock was down by about 14% to $2.59 in premarket trading  Tuesday. Over the past 12 months, shares were up 6.8% through Monday's close. \n\n\n  The company said it is deregistering its stock because its shares are owned by fewer than 300 holders. Chairman Anthony So said the company weighed the costs associated with continued listing on the Nasdaq, and determined that the benefits didn't justify the costs. \n\n\n  \"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,\" he said. \n\n\n \n\n\n  Write to Will Feuer at Will.Feuer@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 13, 2023 06:28 ET (10:28 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}