Is Sinpaş GYO (SNGYO) conducting a bonus share issue? What is the new SNGYO share price? When is the SNGYO bonus share issue? Who owns Sinpaş GYO?

Sinpaş Gayrimenkul Yatırım Ortaklığı A.Ş. (SNGYO) has made an announcement to the Public Disclosure Platform (KAP) regarding the start date for bonus share issue rights usage. Accordingly, the start date for the right to receive bonus shares has been set for December 9.

WHAT IS THE NEW CAPITAL AMOUNT?

Sinpaş GYO (SNGYO) will increase its company capital from 1.5 billion TL to 4 billion TL through a 166.66% bonus share issue.

All investors who hold SNGYO shares in their portfolio until the split date will be able to benefit from the bonus share issue.

With the stock undergoing a 166.66% split, an investor with 100 lots will have 266 lots.

WHAT IS THE NEW SHARE PRICE?

SNGYO will begin trading at the adjusted share price of 3.34 TL.

WHEN IS THE SNGYO BONUS SHARE ISSUE?

The Capital Markets Board (SPK) approved Sinpaş GYO's bonus share issue application as of November 28, 2024. The company, which made an announcement via the Public Disclosure Platform (KAP), announced the split date as December 9, 2024.

WHO OWNS SİNPAŞ GYO?

Sinpaş GYO is one of Turkey's leading real estate investment trusts. The company operates as part of the Sinpaş Group and is known for its luxury residential projects. The founder and owner of the company is Turkish businessman Avni Çelik.

WHO IS AVNİ ÇELİK?

Avni Çelik is one of the pioneering businesspeople in Turkey's construction and real estate sector. Starting his business life by founding Sinpaş Yapı Endüstrisi ve Ticaret A.Ş. in 1974, Çelik has gained an important place in the sector with his innovative projects. Known especially for his "themed housing projects" concept, Çelik has signed off on projects that aim for high living standards and are environmentally friendly.

Having laid a solid foundation for his professional career by studying civil engineering, Avni Çelik drew attention with his visionary leadership during the period when Turkey was rapidly urbanizing. The Sinpaş Group, founded by Çelik, went public in 2007 and became one of Turkey's largest real estate investment trusts under the name Sinpaş GYO.