Hedef Holding ASBIST: HEDEF

Turkey's Hedef Holding says it defaulted on 1.1 bln lira borrowing

· Issued by Hedef Holding AS

Summary by 6ix AI

Hedef Holding, which engages in investment activities and services, failed to repay a 1.1 billion lira ($22.04 million, at $1 = 48.9951 lira) short-term money-market borrowing when it came due, the company's lawyer said.

Key details

  • The lawyer said legal measures targeting the company's controlling shareholder led to the company losing access to funding sources.
  • According to the lawyer's statement, the measures did not change ownership of the shares and were a judicial precaution.
  • As of September 29, 2026, shares in Hedef Holding had fallen 97% since hitting an all-time high on August 5.

6ix AI wrote this summary from the release below and checked it against the release.

On 6ix: 6ix.com/news/turkeys-hedef-holding-says-it-defaulted-on-1.1-bln-lira-borrowing

Hedef Holding BIST:HEDEF failed to repay a 1.1 billion lira ($22.04 million) money-market borrowing at maturity, the company's lawyer said on Tuesday.

The lawyer cited legal measures targeting its controlling shareholder leading to a loss of access to funding sources at the company, which engages in investment activities and services.

The measures did not alter ownership of the shares and were a judicial precaution, the company's lawyer said in a statement.

Shares in Hedef Holding have slumped 97% since hitting an all-time high on August 5.

($1 = 48.9951 lira)

Hedef Holding AS on 6ix