WUHAN, China -- Accelink Technologies (SZSE 002281) today is successfully listed on China A-Share Market. The shares are listed on Small and Medium-sized Enterprises Board of Shenzhen Stock Exchange. 40,000,000 shares of Accelink’s common stock offer at an initial price of RMB 16.00 per share. The total raised funds amount to RMB 640 million.

This 40M shares on the market is 25% of Accelink total 160M shares, whose market value, at the initial price, is about 2.5B RMB (~ 374 M USD ).

According to the actual initial price, the offering funding is higher than that of funding plan when Accelink received IPO permit from government. Mr. Mao, the Secretary of the Board says, besides the investment of new projects, Accelink will take the additional fund as supplement of circulating capital. The new projects include: to improve the capacity of EDFA & Subsystems, to strengthen the ability of Photonic Integration and fundamental components, and to expand and optimize the Sales, Marketing and Service Networks

Accelink Technologies Inc.