Latest Updates from BIST Companies
You can find the latest summary of company news based on announcements made by companies listed on Borsa Istanbul in the following content.
Kütahya Porselen to Acquire Real Estate
Kütahya Porselen Sanayi A.Ş. (KUTPO) is preparing to purchase a property located in Kütahya owned by NG Porselen. Necessary legal procedures for the transfer of the property and tangible fixed assets will be completed in accordance with the decision of the Board of Directors. Valuation will be conducted by a real estate appraisal company licensed by the Capital Markets Board. Additionally, after obtaining the necessary permissions and approvals from the Ministry of Industry and Technology, a name change will be made. The acquisition of the property will occur at an amount not less than that determined within the framework of this name change and legislation.
Erbosan Erciyas Boru to Close Zinc Oxide Facility
Erbosan Erciyas Boru (ERBOS) has decided to shut down its Zinc Oxide Recovery Facility located in Kayseri. Production had previously been halted due to declining commodity prices in international markets and rising raw material costs. With no changes in conditions during this period, the company management has made the final decision to close the facility. Necessary notifications will be made to official institutions regarding the closure.
Hitit Bilgisayar Signs Agreement with Royal Bhutan Airlines
Turkish technology firm Hitit Bilgisayar Hizmetleri A.Ş. (HTTBT) has signed a new contract with Drukair (Royal Bhutan Airlines). Under this five-year collaboration, Hitit Bilgisayar's passenger service systems, operational planning, and accounting solutions will be utilized. The agreement was signed on December 17, 2024, with Drukair, the national airline of the Kingdom of Bhutan. Cooperation will officially commence after the system transition process is completed.
Artaş Increases Stake in Çelik Halat to 75.22%
Artaş İnşaat has raised its stake in Çelik Halat (CELHA) to 75.22%. This increase was made through shares acquired from Betatrans Lojistik İnşaat Sanayi Ticaret A.Ş. However, there is no change for Artaş, which holds management control. The shares owned by Betatrans were transferred to Artaş İnşaat under a share transfer agreement. As a result of the transaction, no management change was deemed necessary in Çelik Halat, and there was no obligation for a Public Offering.
BigChefs Opens Luxury Segment Restaurant
BigChefs (BIGCH) has stepped into the luxury segment with its new restaurant opened in Tarabya. The restaurant, named Kaicy Istanbul, commenced operations on December 17, 2024, in line with the company's growth targets. The restaurant is expected to contribute positively to the company's revenues and profitability. Previously, the company had provided information regarding this investment to the Public Disclosure Platform.
İş Bankası Increases Stake in Şişe Cam
Türkiye İş Bankası (ISATR) has increased its stake in Şişe Cam (ISCTR) to 51.22%. On December 17, 2024, the bank executed the purchase of shares amounting to a total nominal value of 5,000,000 TL. Control over the company is maintained with a 0.05% stake that includes Anadolu Hayat (ANHYT) Emeklilik A.Ş. Transactions were carried out in the price range of 40.98 - 41.30 TL, thus increasing dominance over the business unit.
Atakey Patates Starts Production of New Products
Atakey Patates (ATAKP) has begun producing Coated Onion Rings and Coated Cheese Sticks at its facilities in Afyonkarahisar. This investment was realized with the incentives of the Ministry of Industry and Technology of the Republic of Turkey. While the Coated Products Production Building and Raw Onion Warehouse are being constructed, necessary machinery and equipment installations have also been completed.
Çağdaş Cam to Invest in New Production Line
Çağdaş Cam will establish a new production line to increase its production capacity in Manisa. The company will enhance its glass production capacity for bifacial panels by 40%. The investment is planned to be activated by May 15, 2025, and this step is expected to contribute to the Turkish solar panel industry.
Mega Metal Concludes Acquisition Process in the USA
Mega Metal San. ve Tic. A.Ş. (MEGMT) has decided to conclude its company acquisition processes in the USA. Following a detailed review, negotiations were halted due to a failure to reach the targeted stage. The company will continue to evaluate new acquisition opportunities or alternatives for establishing its own facilities. The Chairman of the Board, Cüneyt Ali Turgut, has been given full authority for this process.
Zorlu Enerji Completes Share Sales in Israel
Zorlu Enerji (ZOREN) has put all of its shares in three joint companies in Israel up for sale. The sales transactions were completed as of December 17, 2024, and were transferred to Edeltech Ltd. This sale occurred through direct interests of 42.15% in companies like Ezotech Electric Ltd. and Solad Energy Ltd.
Döktaş Completes Investments in Manisa
Döktaş has completed 95% of its machinery investments in the aluminum casting facility in Manisa Organized Industrial Zone. The investments aim to produce products for electric and hybrid vehicles. Construction works are planned to be completed officially in 2025. The company will continue to share developments regarding the investment process with the public.
Vestel Elektronik Withdraws Business Unit Transfer Application
Vestel Elektronik (VESTL) has decided to withdraw its application for the transfer of its Automotive Business Unit. The application was made to the Capital Markets Board based on the financial statements as of June 30, 2024. It was anticipated that the transactions would not be completed by December 31, 2024, according to regulations, leading to the withdrawal of the application.
Shares Under Restrictions Within the Scope of VBTS
New measures have been introduced for the shares of SELGD and YAYLA under the Volatility-Based Precautionary System (VBTS). Shares of SELGD will not be subject to margin trading from December 18, 2024, to January 17, 2025. For YAYLA shares, gross settlement will be applied during the same dates. The previously imposed margin trading prohibition will also continue throughout this period.