Brazil’s Laep Investments Falls to a Five-Year Low
Laep slumped 21 percent to 11 centavos at the close in Sao Paulo. The benchmark Bovespa index rose 0.7 percent.
The company’s board of directors approved a 1-for-10 reverse-split stock split, according to a regulatory filing. The new shares are scheduled to start trading on June 1.
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