DESA Leather Industry and Trade Inc.’s Move to Strengthen Financial Structure
As announced in the Capital Markets Board’s (SPK) bulletin dated January 9, 2025, DESA DESA Leather Industry and Trade Inc.’s application to increase its paid-in capital from ₺245,000,000 to ₺490,000,000—representing a 100% bonus capital increase—has been approved.
This move aims to enhance DESA’s capital structure, support its growth objectives, and boost the liquidity of its shares. With this bonus capital increase, DESA seeks to further reinforce its current investments and provide long-term benefits to its shareholders.
Commenting on this development, DESA CEO Burak Çelet stated:
“As DESA, we underline our commitment to sustainable growth once again. This capital increase protects and strengthens our paid-in capital against inflationary pressures, while laying the groundwork for a stronger future for our shareholders, especially small investors. Fully funded by our equity and conducted as a bonus issuance, we believe this step will be beneficial for all our investors.”
DESA, a leading leather brand in Turkey, continues to take strategic steps to support its leadership ambitions in local and global markets.
Source: Foreks Prepared by: İlayda Gök