Hedef Holding Announced It Was Unable to Pay Its Debt - Sözcü Newspaper
13 Articles
13 Articles
Hedef Holding, whose Chairman and some members of the Board of Directors were arrested as part of a fund investigation, announced via the Public Disclosure Platform (KAP) that it was unable to pay its obligations of approximately 1.1 billion TL maturing in the Money Market of the Istanbul Stock Exchange (BPP).
Hedef Holding and İnfo Yatırım defaulted on 1.07 billion TL of maturing debt due to liquidity problems following the arrest of their senior management and the seizure of their assets. Company management stated that they are in contact with relevant authorities to restructure the debts.
The funding crisis is increasingly putting financial pressure on companies. Hedef Holding and its group company Skyalp Financial Technologies and Consulting announced that they were unable to repay a total of 1 billion 144 million 459 thousand TL in loans they obtained from the Stock Exchange Money Market on time. The effects of the funding crisis have begun to be reflected in the short-term financing obligations of companies, following investme…
Hedef Holding failed to pay its debt of 1.079 billion TL on time. The company reported experiencing difficulties accessing resources due to tightening financing conditions and an ongoing investigation against its controlling shareholder. While a decision was made to seize shares in the holding company and its subsidiaries, applications were made to the relevant institutions to change the maturity and terms of the debt.
Hedef Holding announced that it was unable to pay its 1.1 billion TL money market borrowing (BPP) due on September 28.
Hedef Holding announced in its latest filing to the Public Disclosure Platform (KAP) that it has defaulted on its 1.1 billion TL debt due to its inability to pay its matured debt.
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