Latest Updates from BIST Companies: EKGYO’s Land Investment, CEOEM’s SEC Application, and AYGAZ’s Loan Agreement
You can find our summary of the latest corporate news compiled based on the announcements made by companies listed on Borsa İstanbul in the continuation of our content.
Emlak Konut makes a significant land investment in Esenler, Istanbul Emlak Konut (EKGYO) has completed the acquisition of land totaling 132,894.62 square meters located in the Esenler district of Istanbul, within the scope of the protocol signed with the Urban Transformation Directorate of the Ministry of Environment, Urbanization and Climate Change. The acquisition amount is stated to be 5 billion 315 million 784 thousand 800 TL (excluding VAT), and it is noted that this move is part of the company’s long-term growth strategies. Emlak Konut emphasized that it paid special attention to equity management and cost optimization during this acquisition. The transaction is expected to increase the company’s asset size while providing financial contributions to its future projects.
CEO Event Medya applies to the CMB for the establishment of CES Venture Capital Investment Company CEO Event Medya (CEOEM) has applied to the Capital Markets Board (CMB) for the establishment permission of a company named "CES Venture Capital Investment Partnership Inc.", in which it will be one of the founders, based on a decision made on December 20, 2024. This move is assessed within the framework of the company’s strategy to invest in various areas of the media sector. Venture capital investments are generally preferred to provide funding to new business lines with high potential, and this application by CEO Event Medya highlights its goals of creating new business opportunities.
Turkey Sigorta's premium production increased by 76% As of the end of November 2024, Turkey Sigorta’s (TURSG) total gross premium production reached 89 billion 330 million TL, marking a 76% increase compared to the same period last year. In the same period last year, this figure was recorded at 50 billion 848 million TL. The company announced the increase in premium production based on unaudited data. This increase is said to strengthen Turkey Sigorta's position within the sector, while the revenue generated can be used for new investments.
Increase in the number of ships visiting Global Ports Holding's ports Passenger statistics for November 2024 were published by Global Ports Holding Plc. According to the data available on the company's website in Turkish and English, the number of ships arriving at the ports in November 2024 saw a 41% increase compared to the same month last year. Additionally, passenger movements recorded a 40% increase. The occupancy rates of the ships serviced at the ports reached 100% on a consolidated basis. This data indicates that Global Ports Holding continues to maintain its growth trend.
Aygaz signs a 20 million dollar loan agreement Aygaz A.Ş. (AYGAZ) signed a loan agreement amounting to 20 million US dollars to secure the necessary financing for its investments and operations. The loan, which is planned for a term of three years and two weeks, has an interest rate set at SOFR + 2.5%, with the principal to be paid at the end of the term. Aygaz aims to meet its financing needs, diversify its borrowing structure, and extend the maturity through this loan.
Çağdaş Cam receives solar panel glass order from Smart Güneş Çağdaş Cam Sanayi ve Ticaret AS (CGCAM) has received a solar panel glass order worth 203 million TL from Smart Güneş Teknolojileri Araştırma Geliştirme Üretim San. ve Tic. A.Ş. (SMRTG). The company plans to deliver the order in the first quarter of 2025. This order will increase Çağdaş Cam's production capacity and support its growth potential in the solar energy sector.
Shares subject to measures under the VBTS Within the scope of the Volatility-Based Precautionary System (VBTS), it has been announced that the shares of DCTTR and SANFM will not be subject to margin transactions starting from December 25, 2024, until January 24, 2025. This announcement by Borsa İstanbul was made in accordance with the decision of the Capital Markets Board. The aim of these measures is stated to balance market volatility and protect investors.