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 is a key supplier of optoelectronic modules to smartphone manufacturers such as Huawei, Lenovo, Coolpad, Oppo and Samsung.

Anette Jönsson

September 24, 2013

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.

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