** Shares of financial communications services provider Powell Max PMAX.O fall 33.5% to 96 cents
** PMAX says it is planning to acquire firms that generate $1.5 mln to $5 mln in gross annual revenue
** PMAX says acquisitions are to enhance co's market share in the financial communications industry in Hong Kong and Asia
** Acquired companies will operate semi-autonomously as separate business units under their respective managements - PMAX
** Says PMAX has secured a standby equity line of credit of up to $40 mln to support its acquisition strategy
** More than 26.6 mln shares traded, 109x their 25-day moving average
** PMAX fell ~47% in 2024 since its Nasdaq debut on Sept. 5, 2024
(Reporting by Kamal Choudhury in Bengaluru)
((Kamal.Choudhury@thomsonreuters.com;))
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