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CMA Announcement in Regard to Listed Companies with Losses amounting to %50 or more of its Capital

Reference to CMA press release dated 04/05/2016G, in which the CMA urged the Board of Directors and shareholders of listed companies that incurred substantial losses to comply with Article 150 of the Companies' Law prior to the grace period end date and reference to Article 6 of the Instructions and Procedures Related to Listed Companies with Accumulated Losses reaching to %20 or More of their Share Capital, the CMA would like to announce  that listing of the companies which have not rectified their positions to the extent where losses reach a level below %50 of their share capital during the periods stipulated in Article 150 of the Companies' Law will be canceled. 

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