Contel Technology Company Limited (HK:1912) has released an update.
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Contel Technology Company Limited has fully utilized the net proceeds from its recent Rights Issue, according to a supplemental announcement to its 2023 Annual Report. The funds were allocated primarily for the purchase of ICs (90%) and for working capital (10%). This additional disclosure by the Board confirms the complete usage of funds and states that no other information in the report has been affected.
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