China's Sunny Optical falls on co's U.S. dollar bonds plan for refinancing debt

Sunny Optical Technology Co

04/01/2023 02:34

** Shares of Chinese handset camera modules producer Sunny
Optical Technology Group Co Ltd  2382.HK  fall as much as 5.3%
to HK$90.80, and mark the biggest intraday pct decline since Dec
29 
    ** Stock is the biggest pct decliner in the Hang Seng Index
 .HSI , the Hang Seng Tech Index  .HSTECH  and the Hang Seng
Commerce & Industry Index  .HSNC  
    ** The Zhejiang-based firm says it proposes to issue U.S
dollar-denominated sustainability-linked bonds to professional
investors, raising proceeds for refinancing existing
indebtedness  urn:newsml:reuters.com:*:nFWN33O17O
    ** Co says it will start a series of roadshow presentations
beginning Jan 4 to professional investors 
    ** The Hang Seng Commerce & Industry Index  .HSNC  gains
1.1% and the Hang Seng Tech Index  .HSTECH  rises 1.9%
    ** The Hang Seng Composite Index  .HSCI  and the Hang Seng
Index  .HSI  rise 1.2% each
 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))