Oi to Propose Reverse Stock Split at 25:1 Shares Ratio

Company’s board of directors approved proposing the measure in its Extraordinary General Meeting on Sept. 29.

• Proposal aims to keep stocks at a price higher than 1 real, to attract institutional investors and recover liquidity
• NOTE: Brazil Court Eases Way for Troubled Oi to Seek Chapter 11
• NOTE: Brazil Telecom Firm Oi Said to Be Preparing a Chapter 11 Filing

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