Market regulator delists Via REIT for Gülen links
ISTANBULThe Capital Markets Board (SPK) has decided that the Turkey-based Real Estate Investment Trust Via Gayrimenkul Yatırım Ortaklğı, a real estate investment fund, will be removed from the extent of Capital Markets Law and delisted from Borsa Istanbul, over alleged links to the Gülen movement.
The SPK also decided to terminate the company’s real estate investment trust status.
The decision, published in the SPK’s weekly journal dated July 26, said the closing price of Via GYO’s shares on July 26 was 12.40 Turkish Liras. This prize is lower than its public offering price of 13.60 liras and buyback guarantee price of 14.00 liras.
Via GYO went through with an initial public offering of 25 percent of its shares on May 5-6.
In a statement, Via GYO denied having any links to an “armed terror organization.”
Meanwhile, daily Taraf, which was among the 45 newspapers closed down in a state of emergency decree on July 27, was closed to transactions on July 28 before the morning session begun, Borsa Istanbul said in a statement.