SPK’dan onay geldi: İki şirket aylar sonra halka arz ediliyor!
The Capital Markets Board (SPK) has approved the public offering applications of two significant companies. The most recent public offering approval was granted at the end of September for Bin Ulaşım and Smart City Technologies.
With the newly granted approvals, Sümer Asset Management, which specializes in the collection of troubled receivables, and Çağdaş Cam Sanayi, operating in the glass production sector, are opening up to investors.
Details of Sümer Asset Management’s Public Offering
In the public offering of Sümer Asset Management, the company’s capital will be increased to 118 million TL. In this context, new shares with a nominal value of 18 million TL will be issued, while shares worth 10 million TL belonging to existing shareholders ASV Holding will also be offered for sale.
The public offering price has been set at 22 TL per share, and if the sale is completed, the total size of the public offering will reach 616 million TL (approximately 17.7 million USD). In this case, the company’s free float rate will be 23.7%.
Sümer Asset Management plans to use half of the funds raised from the public offering to acquire overdue receivable portfolios, while the other half will be used to pay off financial debts.
Çağdaş Cam Sanayi’s Public Offering Plan
The public offering for glass manufacturer Çağdaş Cam Sanayi will raise the company’s capital to 168 million TL. In this framework, new shares with a nominal value of 31 million TL will be issued, and shares worth 11 million TL belonging to existing shareholders Seyfetdin Pirinç will be presented for sale.
The public offering price has been set at 20 TL per share, and if the sale is completed, the total public offering size will reach 840 million TL (approximately 24.2 million USD). In this case, the free float rate will be 25%.
Çağdaş Cam Sanayi intends to allocate the proceeds from the public offering towards various investments. 35% of the income will be used for new factory investments, 15% for the purchase of machinery and equipment, 25-30% for solar power plant projects, and 20% for working capital needs.
