26th Nov 2013 13:05
LONDON (Alliance News) - Cellcast PLC Tuesday denied a repor by The Times newspaper that Sony Corp. is poised to inject cash into the company, but not before Cellcast shares jumped almost 50%.
The broadcasting company said that there was no foundation in the suggestion that Sony was "about to inject GBP3 million into Cellcast", as reported in an article in The Times.
Cellcast confirmed that it has a trading relationship with a subsidiary of Sony.
Shares in Cellcast were trading up 18% at 1.15 pence Tuesday, having touched a new 52-week high of 1.70p in morning trading.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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