Material Event Disclosure General
[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
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Material Event Disclosure General
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Explanations
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With the decision of our Board of Directors dated 18.04.2024, in order to accelerate the development of our company's foreign operations and its globalization efforts, it has been decided to establish a joint stock company with an initial capital of 2,000,000.00 TL (two million Turkish Liras) and to participate in the company with a share of 99%, with the aim of conducting the trade of all kinds of products, especially the supply, distribution, and foreign trade of iron and steel products, both domestically and internationally, and to act as a representative, distributor, and agent for all business activities. 

In this regard, the necessary procedures for the establishment of the company have been initiated.

It is announced to the public with respect.

We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.