Brief: Hektas Says It Decides To Raise Capital Via Private Placement For OYAK; Proceeds Of 2.4 Bln Lira To Be Used For Debt Reduction
BRIEF-Hektas Says It Decides To Raise Capital Via Private Placement For OYAK; Proceeds Of 2.4 Bln Lira To Be Used For Debt Reduction July 3 (Reuters) - HEKTAŞ TİCARET HEKTS.IS:
SAID ON THURSDAY, IT DECIDES TO RAISE CAPITAL VIA PRIVATE PLACEMENT WITHOUT PUBLIC OFFERING TO EXISTING SHAREHOLDER OYAK
TOTAL NUMBER OF SHARES TO BE BASED ON SHARE SALE PRICE, WITH TOTAL PROCEED TARGETED TO BE 2.4 BLN LIRA
CAPITAL RAISE AIMS TO REDUCE INDEBTEDNESS AND STRENGTHEN COMPANY'S FINANCIAL STRUCTURE
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