CMB approves ebebek's public offering

The Capital Markets Board (SPK) approved the public offering of Ebebek Mağazacılık AŞ (ebebek). According to the CMB weekly bulletin, the Board approved the application for the public offering of ebebek's shares at 46.50 lira. The board allowed the free capital increase of Alfa Solar Sanayi ve Ticaret AŞ of 322 million lira, Gediz Ambalaj Sanayi ve Ticaret AŞ of 23 million 328 thousand lira, and Pasifik Gayrimenkul Yatırım Ortaklığı AŞ of 576 million 137 thousand 499 lira. Ereğli Tekstil Tourism Industry and Trade Inc.'s debt instrument issuance application worth 1 billion 500 million Turkish Lira, Vestel Elektronik Sanayi ve Ticaret AŞ's 2 billion 500 million Turkish Lira, Suzuki Motorlu Araçlar Pazarlama AŞ's 470 million Turkish Lira, Tera Yatırım Menkul Değerler AŞ's 340 million Turkish Lira, Ulusal Factoring AŞ's 340 million 500 thousand Turkish Lira, Deva Holding AŞ's 1 billion 500 million Turkish Lira, Türk Traktör and Ziraat Makineleri AŞ's 1 billion Turkish Lira, ALJ Finansman AŞ's 610 million Turkish Lira, Mercedes Benz Truck Financing AŞ's 2 billion 600 million Turkish Lira, and Türkiye Garanti Bankası AŞ's 2 billion dollars were approved. Phillip Portfolio Management Inc.’s requests for permission to establish Phillip Portfolio Management Inc.’s Fund Basket Umbrella Fund and for permission to establish Letven Capital Venture Capital Portfolio Management Inc.’s investment funds and approval of the issuance document for the issuance of participation shares were also met positively. Administrative fines and criminal complaints As a result of the investigation conducted on Alternatif Yatırım Menkul Değerler AŞ and Osmanlı Yatırım Menkul Değerler AŞ, the CMB decided to impose administrative fines of 153,708 lira and 76,616 lira, respectively, on the companies due to “non-conformances to legislation identified as a result of the independent audit of their information systems.” As a result of the examinations conducted within the scope of the Capital Markets Law (CMB) and relevant legislation, it was decided to impose an administrative fine of a total of TRY 153 thousand 708 on 3 individuals, TRY 1 billion 921 million 326 thousand on Invest AZ Yatırım Menkul Değerler AŞ for using its customers' share certificates for purposes other than deposit in the period under examination in 2021, and TRY 6 billion on A1 Capital Yatırım Menkul Değerler AŞ for not carrying out the sale of capital market instruments in the public offerings under examination in 2020 and 2021 in accordance with the sales conditions specified in the prospectus and other rules in the relevant legislation. The Board also decided to take legal action pursuant to the fourth paragraph of Article 99 of the Capital Markets Law in order to block access to 39 websites determined to have leveraged transactions conducted abroad via the internet for persons resident in Turkey.