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 May 19, 2005
BONSO ELECTRONICS INTERNATIONAL INC.
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(Translation of Registrant's name into English)
Unit 1106-1110, 11/F., Star House 3 Salisbury Road,
Tsimshatsui Kowloon, Hong Kong
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(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 Announces Dismissal of Lawsuit
Hong Kong, May 19, 2005, Bonso Electronics International, Inc (NASDAQ: BNSO), a
designer and manufacturer of telecommunications products, electronic scales and
weighing instruments announced today that the District Court of Jefferson
County, State of Colorado dismissed with prejudice the lawsuit filed against
Bonso and certain of Bonso's directors with each party paying their own costs
and fees. The lawsuit (Case No. 03CV2505) was filed in August 2003 and alleged
derivative claims that Bonso and certain directors breached fiduciary duties and
committed corporate waste as well as alleging that certain directors breached
fiduciary duties, committed negligent misrepresentation and fraud.
The Parties' Stipulation For Dismissal With Prejudice was based upon the Report
of Independent Counsel Richard R. Greengard. In his 57 page Independent
Counsel's Report, Mr. Greengard found no credible evidence to support the
plaintiffs' derivative claims after conducting an exhaustive review of the
documents provided by both the plaintiffs and the defendants and conducting
interviews of the individuals identified as having knowledge of the particular
claims.
"We have always been confident that this case would be dismissed because we
believed the claims had no basis in law or in fact. We are extremely gratified
by the Court's ruling," said George O'Leary, Bonso's President and Chief
Executive Officer.
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. Bonso products are manufactured, in
the People's Republic of China with 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. For further information, visit the company's website at
http://www.bonso.com.
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The statements contained in this press release which are not historical fact are
forward looking statements that involve certain risks and uncertainties
including, but not limited to risks associated with the uncertainty of future
financial results, seasonality of scales of certain products, additional
financing requirements, development of new products, government approval
processes, the impact of competitive products or pricing, technological changes,
currency fluctuations, estimates of market growth, the effect of economic
conditions and other uncertainties detailed in the company's filings with the
Securities and Exchange Commission.
For more information about Bonso, please contact
In US - George OLeary,
Tel: 1-949-760-9611
Fax: 1-949-760-9607
In Hong Kong - Cathy Pang
Tel: +852-2605-5822
Fax: +852-2691-1724
SIGNATURE
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: May 19, 2005 By: /s/ George O'Leary
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George O'Leary, President and
Chief Executive Officer