New Company from GOLTS, Sale from SKTAS, Restricted Stocks: Latest Developments in BIST Companies
According to the recent company announcements from companies listed on Borsa Istanbul, you can check our updated summary of company news below.
Koray GYO Collects Receivable from Lawsuit
Koray Gayrimenkul Yatırım Ortaklığı A.Ş. (KGYO) announced that it has collected its entire receivable as a result of a lawsuit, referring to a previous special situation announcement. The company reported that 24,736,624.25 TL has been transferred to its accounts by the heirs of İhsan Uzgör, thereby completely collecting a receivable of 755,849 dollars according to the decision of the Istanbul 16th Civil Court. This indicates that the lawsuit concerning a parcel located in Eyüp, Göktürk Mahallesi has concluded favorably for Koray GYO.
Göltaş Establishes New Company in Northern Cyprus
Göltaş Çimento A.Ş. (GOLTS) has decided to establish a new company in the Turkish Republic of Northern Cyprus. It was stated that the newly formed company, named Mavi Kırlangıç Construction Materials Ltd., will operate with a capital of 25,000 euros in the Magusa Free Port Area. The new company will be managed by Göl Yatırım Holding A.Ş., the controlling partner of Göltaş, and Göltaş Çimento A.Ş., and will conduct the production and trade of all kinds of cement, clinker, and other construction materials.
Göltaş's First Kiln Expected to Start Operations on December 27
Göltaş Çimento A.Ş. indicated in a special situation announcement that maintenance works for its first kiln are continuing and it is expected to become operational on December 27, 2024. It clarified that cement production and sales will not be affected due to this maintenance and that the clinker stock is sufficient for production. The company shared that production activities will continue as planned without any interruptions during this process.
Söktaş Sells Efeler Farm to Altınmarka Gıda
Söktaş Tekstil Sanayi ve Ticaret A.Ş. (SKTAS) formalized the sale of its Efeler Farm to Altınmarka Gıda Sanayi ve Ticaret A.Ş. for 17,500,000 dollars. It was stated that the sale transactions will be completed with the necessary public permits obtained. With this transfer of Efeler Farm, Söktaş aims to reshape its asset management in the fields of agriculture and livestock.
Akfen GYO to Merge with Subsidiary
Akfen Gayrimenkul Yatırım Ortaklığı A.Ş. (AKFGY) has decided to merge with its wholly-owned subsidiary Akfen Karaköy Gayrimenkul Yatırımları ve İnşaat A.Ş. The merger will be conducted through dissolution without liquidation and based on recorded values. This initiative aims to enhance operational efficiency and provide cost advantages for the company.
Karel Signs Major Agreement with Public Institution
Karel Elektronik Sanayi ve Ticaret A.Ş. (KAREL) signed communication equipment supply contracts with a public institution totaling 128,490,000 TL. The delivery of these supplies is planned to be carried out between 2024 and 2025. This public contract enables Karel to strengthen its market presence and undertake broader projects in the coming years.
Stocks Subject to Measures under the VBTS
Under the Volatility-Based Measures System (VBTS), GLBMD shares have been banned from margin trading on Borsa Istanbul from December 9, 2024, until January 8, 2025. Similarly, a gross settlement application was initiated for IHEVA shares for the same dates, extending the margin trading ban on these shares until January 8.