Taking place last week, in the wake of the arrest of the owners of Royal Halı, Naksan Holding Chairman Cahit Nakıboğlu and his son Taner Nakıboğlu, Borsa İstanbul added Royal Halı, a company listed in Turkey’s Top 500 Industrial Enterprises, to the ‘Watch List’.
According to the statement made by Borsa İstanbul regarding the topic, it was noted that Royal Halı (Royal Halı İplik Tekstil Mobilya San. ve Tic. A.Ş.) had some overdue debts.
Announcing that the company had been added to the ‘Watch List’, Borsa İstanbul provided the following statement: “Be it hereby resolved to place the company a notice and have their equities to be added within the ‘Watch List’ and this notice to be considered as the first warning within the scope of sub-clause (a) of clause 1 of Article 32, until the end of following business day as of the adoption of the resolution of the board of directors concerning the market change, the procedure regarding the trading of equities shall continue to remain closed and starting from the second business day the equities shall start to be traded in the Watch List.”
In the statement of Borsa İstanbul, it was also indicated that the company had not provided any clarification to KAP (the Public Disclosure Platform) with respect to the incidents. On the other hand, some financial institutions on behalf of the collection of receivables, has initiated an enforcement action against the company.
