Here is a summary of the latest news from companies listed on Borsa Istanbul, translated and rephrased in English:
Company News Updates from Borsa Istanbul
Gelecek Varlık Yönetimi A.Ş.
Gelecek Varlık Yönetimi (GLCVY) won the bid for a non-performing loan portfolio with a principal amount of 226.2 million TL from Türkiye Garanti Bankası A.Ş. on May 24, 2024. The auction included 17 asset management companies.
Zorlu Enerji Elektrik Üretim A.Ş.
Zorlu Enerji (ZOREN) signed share purchase agreements for its Israeli subsidiaries Ezotech Electric Ltd., Solad Energy Ltd., and Adnit Real Estate Ltd., with conditions for contractual and legal approvals being met.
Pasifik Eurasia Lojistik Dış Ticaret A.Ş.
Pasifik Eurasia (PASEU) announced that modernization and capacity enhancements on the BTK line have increased its annual capacity from 1 million tons to 5 million tons, as stated by General Manager Mehmet Altınsoy.
Agrotech Yüksek Teknoloji ve Yatırım A.Ş.
Agrotech Technology (AGROT) reported the utilization of the first tranche of a 42 million TL subsidized loan from Ziraat Bank.
Çemaş Döküm Sanayi A.Ş.
Çemaş Döküm (CEMAS) decided that its subsidiary Özışık İnşaat will purchase a 57,293 m² plot in Ankara from IEYHO for 54.7 million TL.
Cvk Maden İşletmeleri Sanayi ve Ticaret A.Ş.
Cvk Maden (CVKMD) announced that its Investment Incentive Certificate for the planned investment activities at the Sarıalan Gold Mine in Balıkesir has been revised by 185%, reaching 2.4 billion TL.
Ekos Teknoloji ve Elektrik A.Ş.
Ekos Technology (EKOS) signed a contract worth 1.4 million euros with Hitachi Energy. The company also disclosed that 168.3 million TL from its IPO proceeds was used for working capital.
Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A.Ş.
EuroPower (EUPWR) stated that its subsidiary, Peak PV Solar Technologies, will undertake the Ceylan Business Self-Consumption GES project led by Girişim Elektrik, with a contract value of 2.8 million dollars, including the supply and construction of electrical equipment worth 2 million dollars.
Türkiye Garanti Bankası
Garanti Bankası (GARAN) received approval from the Capital Markets Board (SPK) for the issuance of debt instruments up to 6 billion dollars abroad.
Margün Enerji Üretim Sanayi ve Ticaret A.Ş.
Margün Energy (MAGEN) announced the establishment of Margun Romania Climatech SRL, a 100% subsidiary with a capital of 250,000 euros, under Margun Climatech B.V. in Romania.
Jantsa Jant Sanayi ve Ticaret A.Ş.
Jantsa Jant (JANTS) received SPK approval to increase its capital from 88.245 million TL to 700 million TL through a bonus issue from internal resources.
Stocks Subject to Measures under VBTS
As per the Capital Markets Board’s decision, shares of ALTNY, ARZUM, FRIGO, ORCAY, and SRVGY will not be subject to margin trading from May 27, 2024, to June 26, 2024, under the Volatility Based Measures System (VBTS).
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Source: investing.com
