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China Wireless Falls in Hong Kong Trading on Share Placement

China Wireless Technologies Ltd. fell as much as 6.6 percent, the biggest decline since Dec. 16, in Hong Kong trading after saying it plans to sell as many as 150 million shares at HK$4.55 each.

The stock was 5.2 percent lower at HK$4.63 as of 11:57 a.m. on the city’s stock exchange.

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