Accelink Technologies (SHE:002281) raised net proceeds of 3.48 billion yuan from a share placement, according to a Shenzhen bourse filing on Thursday.
The company placed nearly 20.9 million shares for 167.55 yuan apiece to eight investors, including China Information and Communication Technologies Group and Caitong Fund Management.
The listing of the newly issued shares will be effective June 16.
The optical components and subsystems producer's shares rose 3% during the morning trade.
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