Alfa Solar approves cash contribution to subsidiary’s capital increase
Aydost’s capital increase will be funded mostly from internal resources, with Alfa Solar contributing cash and retaining full ownership after completion.
Key takeaways
- Aydost plans to raise its capital from 50,000 lira to 2,500,000 lira.
- Alfa Solar decided to contribute 72,521.52 lira in cash and will retain 100% ownership after completion.
Alfa Solar said Aydost Enerji Üretimi approved a capital increase from 50,000 lira to 2,500,000 lira at its October 12 general meeting. The decision calls for Alfa Solar to contribute 72,521.52 lira in cash.
The company said 2,377,478.48 lira of the increase will come from internal resources. A capital increase adds funds or reserves to the subsidiary, rather than paying a dividend to its shareholders.
Alfa Solar said its 100% ownership of Aydost will continue once the increase is completed. The KAP disclosure reports a decision; it does not say the capital increase has been completed.
This article was produced with the help of AI technology. Source: Yahoo Finance
