Capital Market Board Approves Capital Increases for 3 Companies

The Capital Market Board (SPK) approved the capital increase applications of Bewen Energy Inc., Yeo Technology Energy and Industry Inc., Vakıf Real Estate Investment Trust Inc., and Tarım Kredi Livestock Inc..

Capital Increase Approvals

The SPK's weekly bulletin stated that Bewen Energy Inc.'s capital will be increased from 261 million lira to 317 million lira, with a 56 million lira paid-in capital increase and a public offering of 24 million lira nominal value shares to existing shareholders. The company's shares will be offered to investors at a fixed price of 48.10 lira.

■Yeo Technology Energy and Industry Inc.'s capital increase from internal sources and profit share was approved.

■Vakıf Real Estate Investment Trust Inc.'s 950 million lira capital increase application was approved.

■Tarım Kredi Livestock Inc.'s 150 million lira capital increase application was approved.

Debt Instrument Issuance Ceiling Applications

The Board approved Reysaş Real Estate Investment Trust Inc.'s 2 billion lira, Invest-AZ Investment Securities Inc.'s 400 million lira, D Investment Bank Inc.'s 4 billion lira, Derlüks Investment Holding Inc.'s 2 billion lira, and TEB Finance Inc.'s 4 billion lira debt instrument issuance ceiling applications.

Foreign Debt Instrument Issuance

Ecogreen Energy Holding Inc. was granted permission to issue foreign debt instruments worth 300 million USD.

Other Approvals

■Şekerbank Inc.'s 250 million USD asset-backed securities issuance was approved.

■KT Sukuk Asset Leasing Inc.'s 5 billion lira, Halk Asset Leasing Inc.'s 3 billion lira, Tera Asset Leasing Inc.'s 12 billion lira, and GY Asset Leasing Inc.'s 3 billion lira lease certificate issuance ceiling applications were approved.

New Business Permits

The SPK approved the establishment of Osmanlı Portfolio Gold Participation Borsa Investment Fund and the registration statement for its public offering.

Markets are responding positively to the SPK's capital increase approvals and debt instrument issuance ceiling applications. These developments are expected to strengthen the financial structures of companies and provide more confidence to investors. The Bewen Energy Inc. public offering, in particular, can be seen as a notable development in the energy sector. Additionally, Ecogreen Energy Holding Inc.'s foreign debt instrument issuance signals the company's expansion into international markets.