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Accelink Technologies to Use Share Placement Proceeds to Replace Funds; Shares Up 3%

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Accelink Technologies (SHE:002281) decided to use part of the proceeds from its private share placement to replace funds invested in some projects and expenses, according to a Shenzhen bourse filing on Tuesday.

The company previously raised net proceeds worth 3.48 billion yuan from the share placement.

Part of the proceeds will be used to replace the 164.7 million yuan invested in a computing center project and the 1.8 million yuan that was used to pay issuance expenses.

The optical components and subsystems producer's shares rose 3% during the morning trade.

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