Borsa İstanbul companies report diverse financial updates

Several companies listed on Borsa İstanbul reported significant financial and operational updates on September 30.

AAGYO announced a share buyback program involving up to 11,848,341 shares with a maximum fund of 250 million TL allocated for one year. ASGYO received approval from the Capital Markets Board (SPK) to use 560 million TL of its public offering proceeds to purchase properties in Ankara Çankaya, provided the price does not exceed specific valuation reports.

In credit news, JCR Eurasia downgraded EUPWR’s long-term national corporate credit rating from ‘AA- (tr)’ to ‘A+ (tr)’. Meanwhile, Saha Kurumsal Yönetim suspended DSTKF’s ‘AA-’ credit rating due to uncertainties regarding management and operations. BORLS reported a failure to meet the maturity for coupon and principal payments on a 200 million TL financing bond.

Other developments include DGGYO extending its credit agreement with Nexent Bank to December 28, and FONET submitting the most suitable bid of 99.7 million TL for a health information management system tender in Düzce. Additionally, GEDIK’s subsidiary, Ichain Yatırım Holding, has applied to the SPK to acquire a 20% stake in Inveo Kripto via Misyon Finansal Teknolojiler.