Cedar Base Electronic down 20% sharply in the afternoon session

Affected by the placement, Cedar Base Electronic (0855) fell down in the afternoon session. It stood at HK$0.26 at 2:51pm HKT, down 20% or HK$0.065, on a turnover of HK$48.97mln. The company has sold 110mln shares at HK$0.27 each by the first-old-then-new placement, to raise HK$30mln.

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