Kontrolmatik dips on share capital increase plans

About this update from Kontrolmatik Teknoloji Enerji Ve Muhendislik As

** Shares in Kontrolmatik BIST:KONTR drop around 7% after the company announced a share capital increase of 300%** The Turkey-based engineering company said it decided to increase its share capital to 2.60 bln lira from 650 mln lira via rights issue** Brokerage Deniz Yatirim says this may have a "limited negative impact on investor sentiment since it may cause additional cash outflows"** Kontrolmatik's stock is at the bottom of Turkey's main BIST-100 BIST:XU100 index

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