ASELS' Sales to the EU, GARFA's Asset Disposal, SNICA's New Agreement in Iraq, and Other Company Developments of the Day
During the day, several announcements were made to the Public Disclosure Platform (KAP), highlighting significant developments in the Turkish defense industry, finance, energy, technology, and healthcare sectors. Aselsan (ASELS) exported land weapon systems worth €50.8 million to Europe, while Garanti Faktoring (GARFA) sold its overdue receivables to GSD Asset Management. Sanica Isı secured a $450,000 deal in Mosul, and Sümer Asset Management won the auction for Şekerbank (SKBNK). Türk Telekom (TTKOM), in collaboration with ZTE, initiated digital transformation in agriculture, while Oncosem saw an increase in healthcare services. These developments demonstrate Turkey's growing effectiveness and international competitiveness across various sectors.
Aselsan's export of land weapon systems to Europe
Aselsan, one of Turkey's leading defense companies, signed a significant agreement for the direct sale of land weapon systems with a client based in the European Union. The agreement includes a total export worth €50.8 million. This deal reaffirms Aselsan's strength in the international market and enhances the effectiveness of the Turkish defense industry in the global arena. As Aselsan introduces its advanced technology products to the world market, it also boosts Turkey's competitiveness in the defense sector. This export contract highlights Aselsan's strategy to expand its international partnerships.
Decision of asset sale from Garanti Faktoring A.Ş.
Garanti Faktoring A.Ş. decided to sell a factoring receivable balance of 88,615,103.86 TL due for collection to GSD Varlık Yönetim A.Ş. for 15,000,000 TL following a board decision. This sale is viewed as a step to strengthen the company's financial structure and strategically restructure its financial positions. The agreement showcases Garanti Faktoring's decisions and strategic goals to create a more dynamic receivables portfolio. Such asset management steps offer opportunities to enhance liquidity in the financial sector and optimize risk management.
New agreement from Sanica Isı in Iraq
Sanica Isı Sanayi A.Ş. (SNICA) signed a new export contract for the sale of infrastructure pipe products in Mosul, Iraq. The contract signed with a client based in Iraq involves a project worth $450,000. This agreement allows Sanica Isı to strengthen its presence in the Middle East market. Sanica Isı continues to draw attention with innovative solutions developed to increase its effectiveness in global markets. This agreement plays a significant role in the company's strategies to expand its international customer base and gain a competitive position.
Auction success from Sümer Asset Management A.Ş.
Sümer Varlık Yönetim A.Ş. won the auction for a commercial-quality portfolio held by Şekerbank T.A.Ş. on 27.11.2024, offering the highest bid of 62,250,000 TL. The signing processes for the auction, which has a principal size of 201,056,911 TL, have been completed, and it has been included in the collection process. Sümer Varlık Yönetim aims to enhance its portfolio management capacity with this auction. The winning company is making such strategic moves to strengthen its financial structures and diversify its asset portfolio. Through such investments, Sümer Varlık Yönetim continues to bolster its competitive advantages in the sector.
Smart agriculture project from Turkish Telekom and ZTE collaboration
Turkish Telekom launched a 5G smart agriculture project in Çorum, enabling digital transformation in agriculture in collaboration with ZTE. The project involves a Pilot 5G network established in the region, integrated with advanced technologies such as drones and smart agricultural machines. Thanks to the high-speed and low-latency connectivity provided by 5G, processes such as automated spraying, fertilization, and precision irrigation have been successfully executed. This project constitutes an essential part of Turkish Telekom’s technology-focused innovation strategy, aiming to enhance productivity and sustainability in the agricultural sector. The work conducted over the 5G infrastructure contributes significantly to the modernization of agriculture.
Contract increase for chemotherapy service procurement from Oncosem
Oncosem Onkolojik Sistemler Sanayi ve Ticaret A.Ş. (ONCSM)’s subsidiary Santek Sağlık Turizm Tekstil San. ve Tic. A.Ş. has achieved an increase in its contract related to the procurement of chemotherapy services organized by the Istanbul Provincial Health Directorate Public Hospitals Services Presidency-2. An increase of 907,830.00 TL has been approved for the contract amount of 22,691,760.00 TL for the first part covering health facilities on the Anatolian side. This increase is seen as a reflection of the company's efforts to expand its projects in the healthcare sector and broaden the scope of its services. Oncosem continues to invest in enhancing its effectiveness and service quality in the healthcare industry.