Hedef Holding told the Public Disclosure Platform (KAP) it could not pay about 1.1 billion lira in matured Stock Exchange Money Market debt. The company said financing conditions and problems accessing funds prevented payment and applied to change the debt's maturity and terms.
The company announced that precautionary measures had been imposed on some assets as part of an investigation into its controlling shareholder, and a seizure order had been issued for shares. It said access to funds was therefore unavailable.
