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Multiplan Empreendimentos plans 1-for-3 stock split

Multiplan Empreendimentos Imobiliários SA is planning a 1-for-3 stock split and looking for a replacement for outgoing board member Leonard Peter Sharpe.

The Brazilian shopping center operator has asked its shareholders to vote on the proposals, among other things, at its extraordinary general meeting scheduled for July 20.

The company did not nominate a replacement for Sharpe.