Regulator Approves Ferbis Exit From Registered-Capital System
The approval covers Ferbis’s departure from the registered capital system and revisions to its articles, but the filing does not say they are implemented.
Key takeaways
- The Capital Markets Board approved Ferbis’s application to leave the registered capital system.
- The approval covers amendments to 13 articles and the addition of Article 21.
HEKTAŞ said the Capital Markets Board approved its wholly owned subsidiary Ferbis Tarım’s application to leave the registered capital system and amend its articles of association. The approval also covers adding a new Article 21.
The changes affect articles 3, 4, 6–8, 10–12, 14, 15 and 17–19. In practical terms, the approval concerns Ferbis’s capital framework and governing rules; it does not mean the amendments have already taken effect.
KAP’s disclosure says the regulator’s letter, dated October 9, reached Ferbis on October 12, after which Ferbis notified HEKTAŞ. The filing does not state what further steps or timing are required to implement the changes.
This article was produced with the help of AI technology. Source: Yahoo Finance