Participation in Capital Increase of our Subsidiary – İlke Turistik


Upon seeing that the capital increase procedures have been completed for increasing the capital of İlke Turistik Yatırımları A.Ş., our Company’s direct subsidiary, whereby our Company holds a share of 100% in the 650,00,000 Turkish Lira paid capital thereof by a total of 449,632,000 Turkish Liras to 1,099,632,000 Turkish through the company’s internal resources entirely by covering from the account of payables to shareholders, it has been resolved to transfer our receivable from İlke Turistik Yatırımlar A.Ş. of 449,632,000 Turkish Lira monitored at the account “receivables from subsidiaries” to the relevant sub account within the “subsidiaries” account, through the completion of the relevant accounting records.

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