Four Companies Approved for Capital Increase on Borsa Istanbul

The Capital Markets Board (CMB) announced in its weekly bulletin that it has approved the capital increase applications of four companies listed on Borsa Istanbul. The companies that received approval are Batısöke Söke Cement Industry Turkish Inc., QNB Financial Leasing Inc., Merit Tourism Investment and Operations Inc., and Europap Tezol Paper Industry and Trade Inc.

Batısöke Söke Cement’s paid capital increase
The CMB approved the capital increase of Batısöke Söke Cement Industry Turkish Inc. (BSOKE). The company will increase its current capital of 400 million TL by raising it via a public offering to 1 billion 200 million TL, resulting in a total capital of 1 billion 600 million TL. The paid capital increase ratio will be 300%.

QNB Financial Leasing with a 100% paid increase
QNB Financial Leasing Inc. (QNBFK) will perform a paid capital increase with the approval of the CMB. The company will raise its current capital of 1 billion TL by an additional 1 billion TL to reach a total of 2 billion TL.

Merit Tourism with over 1000% bonus capital increase
Merit Tourism Investment and Operations Inc. (MERIT) will carry out a bonus capital increase funded from internal resources with the approval of the CMB. The company will increase its current capital of 28 million 50 thousand TL by 308 million 550 thousand TL, raising it to 336 million 600 thousand TL. Thus, Merit Tourism will achieve a bonus capital increase of approximately 1,100%.

Europap Tezol capital increase
With the approval of the CMB, Europap Tezol Paper Industry and Trade Inc. (TEZOL) will perform a bonus capital increase of 60 million TL funded from internal resources. The company’s current capital will increase from approximately 440 million TL to 500 million TL, which represents an increase of around 13.64%.