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To: Tom Trader who wrote (22784)	9/11/1997 5:28:00 PM
From: ViperChick Secret Agent 006.9	of 58727

TT here is an interesting little blurb ======================================================= Telebras (NYSE:TBR) receipts trade to remain suspended Reuters, Thursday, September 11, 1997 at 14:40 SAO PAULO, Sept 11 (Reuter) - Trade in subscription receipts of Telebras (SAO:TEL_.P) on the Sao Paulo bolsa will remain indefinitely suspended following a request from Brazil's Securities and Exchange Commission (CVM), a bourse official said Thursday. The stock exchange had said earlier it would resume trade in the receipts at 1530 local time/1430 EDT after recent news reports on a high court decision to back a controversial 1990 share subscription. "The CVM asked us to maintain the suspension until further notice and that is what we are doing," a bolsa spokeswoman said. Minutes earlier, the bourse had issued a statement saying it would resume trade in the receipts, although Telebras had failed to provide information it had promised the stock exchange. Telebras had asked Brazil's bolsas Wednesday to halt trade in the receipts to avoid "damaging speculation" after Tuesday's high court decision and promised to provide the market with information on the ruling. Copyright 1997, Reuters News Service

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