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Defense Firm CSG Plunges by Record After Short-Seller Report

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CSG NV fell the most since its January listing after a short-seller report questioned the defense industry supplier’s business model.

The Czech company’s shares slumped as much as 21% after Hunterbrook Capital’s media arm published a report, saying the investment firm had built up a short position in CSG. It also said it’s “long a basket of comparable securities at the time of publication.”

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