TORTOLA, BRITISH VIRGIN ISLANDS --
The CEO and president of EMS provider
Bonso Electronics International retired, effective Oct. 1.
Chairman Anthony So has taken over as president and CEO from George O'Leary, who was with Bonso for 15 years.
So also preceded O'Leary as president.
Last month Bonso entered into a letter of intent
to acquire approximately
100,000 sq. meters of land for future expansion in the Xincheng Industry Park in China. The company paid $760,000
for the land. The projected capital expenditure for the first phase of investment is
$8 million.
The company also has facilities in Shenzhen.