US EditionKızılbük REIT Shares Drop Over 8% Following Announcement of 14.2% Stake Sale
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Kızılbük REIT Shares Drop Over 8% Following Announcement of 14.2% Stake Sale
Shares of Kızılbük Gayrimenkul Yatırım Ortaklığı (Kızılbük REIT), a subsidiary of SİNPAŞ GYO known for its resort hotel and timeshare project in Marmaris, plunged more than 8% after the parent company announced plans to sell a 14.2% stake. On the evening of June 26, SİNPAŞ disclosed via the Public Disclosure Platform (KAP) that it intends to sell 170.4 million Kızılbük REIT shares, aiming to raise approximately TRY 1.868 billion from the transac…
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