Announcement Regarding the Participation in the Capital Increase of Subsidiary - DTRND
29.11.2023
At the Extraordinary General Assembly of Doğan Trend Otomotiv Ticaret Hizmet ve Teknoloji A.Ş., in which our Company has 100% stake in its paid-in capital of TRY 123,000,000, it was approved that our subsidiary's capital will be increased to TRY 526,000,000 in cash.
Accordingly, it has been resolved that our Company will exercise its pre-emptive rights in full. Our participation in the capital increase will be TRY 403,000,000.
The funding resulting from the capital increase is planned to be used in working capital financing, operational activities and ongoing and future brand and growth investments.
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