Collection Furniture applied to CMB for public offering

Directing contemporary design for 50 years, Koleksiyon Mobilya Sanayi A.Ş. has applied to the Capital Markets Board (CMB) for a public offering.

Koleksiyon Mobilya Sanayi A.Ş. has applied to the CMB for the approval of the prospectus regarding the public offering of company shares. Collection Furniture Industry Inc. In the statement made by the company, it was noted that the methods of capital increase and joint sales will be used together in the public offering of its shares.

The public offering, which will take place under the leadership of the OYAK Investment consortium, has a free float rate of 25 percent. In the public offering, which is planned to be held with the Fixed Price Pick-Up method, the shares corresponding to 4 percent of the capital will be offered to the public through the joint sale of the shares, and the shares corresponding to 28% of the capital will be offered to the public within the scope of capital increase. With the income it will generate from the public offering, Koleksiyon Furniture will increase its working capital in order to expand its domestic and international sales channels, depending on its growth strategies, as well as transfer resources to capacity-enhancing machinery investment and technological investments in its production facilities.

The draft prospectus submitted to the CMB was published at Koleksiyon.com.tr and OYAK Yatirim.com.tr.

COLLECTION FURNITURE

As a brand that transforms the line into design and creates the design of quality, since the 70’s, Koleksiyon continues its existence in the Turkish furniture sector with its 550 employees and puts the industry at the service of design. Besides Turkey, the collection is located in the world’s important industrial and design cities such as New York, Chicago, San Francisco, Dusseldorf, London, Paris, Moscow, Baku, Tashkent, Cairo, Dubai, Riyadh, Singapore, Hong Kong, Sydney; continues to create contemporary residences and modern workplaces.


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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