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Lupatech Shares Advance 3.2% in Sao Paulo Trading

(Corrects to show shares rising)

Lupatech SA (LUPA3), a Brazilian provider of oil equipment and services, rose 3.2 percent to 4.35 reais at 11:19 a.m. in Sao Paulo.

The company said stockholders approved the issuance of shares at 4 reais each and the conversion of local bonds into stock, according to a regulatory filing.

To contact the reporter on this story: Richard Richtmyer in New York at rrichtmyer@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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