Balance Sheet Extension from Capital Markets Board to Türkiye Sigorta

Serdar HocamAuthor & Editor

The Capital Markets Board granted an extension to Türkiye Sigorta, which was unable to release its 9-month balance sheet due to a fund investigation and the resignation of its general manager.

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SPK, Türkiye Sigorta'ya bilanço için süre verdi

The Capital Markets Board (CMB) announced that it has granted Türkiye Sigorta—whose senior executives were arrested and general manager resigned within the scope of a fund investigation—an extension until November 16 to disclose its 9-month balance sheet.

The Capital Markets Board has resolved the request for an extension made by Türkiye Sigorta, whose executives were arrested within the framework of a fund investigation, for its 9-month balance sheet period. In line with the arrangement made by the Board, it was reported that the company has been granted time until November 16.

In a statement made by the company to the Public Disclosure Platform (PDP) on October 19, it was expressed that the preparation processes for the financial results of the period could not be completed due to the resignation of the general manager, and therefore the disclosure of the financial results was postponed.

Sources

  • bloomberght.com · Link