NetLinkz (ASX:NET) to provide remote office tech in Beijing for coronavirus

Company News

by Rachael Jones

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Last Updated: 19/02/2020 10:49 AM

NetLinkz (ASX:NET) today announced Beijing iLinkAll Science and Technology Co. has been selected by the Beijing Municipal Bureau of Economic and Information Technology as an approved provider of Remote Office collaboration solutions.

This an initiative to fight the coronavirus and enable people in Beijing to work and receive information safely and securely.

Netlinkz owns 80 per cent of iLinkAll with an iSoftStone entity controlling 20 per cent.

The new equity raising of $4.5 million provides funding to support an anticipated escalation in sales by iLinkAll of its Virtual Secure Network (VSN) as a result of the Beijing Government’s selection.

Shares in NetLinkz (ASX:NET) are trading 12.3 per cent higher at 8 cents.

 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.