Sunny Optical raises $101 million from top-up placement

The Hong Kong-listed manufacturer of camera modules for smartphones and tablets attracted more than 40 investors and priced the offering at a 4.4% discount.

Sunny Optical raises $101 million from top-up placement

Hong Kong-listed Sunny Optical Technology, a Chinese manufacturer of camera modules for mobile devices, has raised HK$781.8 million $101 million from a top-up placement, making it the latest issuer to take advantage of the recent recovery in sentiment for Chinese stocks.

The deal, launched after the Hong Kong market closed on Monday, came on the back of four consecutive days of declines in its share price, but after the company had secured large new...

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