CSE Global's stock price plummeted 4.62% during intraday trading on Wednesday, marking a significant decline for the company.
The sharp drop appears to be driven by investor concerns regarding the company's announcement of an acquisition with an aggregate consideration of US$8.0 million, which will be funded entirely through bank borrowings. This move to finance the deal solely with debt may have raised worries about increased financial leverage and future interest expenses among shareholders.
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