{"id":61609,"date":"2025-03-26T09:32:13","date_gmt":"2025-03-26T06:32:13","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=61609"},"modified":"2025-03-26T09:32:26","modified_gmt":"2025-03-26T06:32:26","slug":"akin-tekstil-denies-bankruptcy-claims-our-operations-continue","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\/","title":{"rendered":"Ak\u0131n Tekstil denies bankruptcy claims: \u201cOur operations continue\u201d"},"content":{"rendered":"\n

One of T\u00fcrkiye\u2019s leading fabric manufacturers<\/a>, Ak\u0131n Tekstil, denied the claims in the media that the company had gone bankrupt following its concordat announcement to the Public Disclosure Platform (KAP) on March 18, 2025. In the statement to KAP on March 25, the company announced that its operations were continuing:\u00a0<\/p>\n\n\n\n

\u201cThe news in some press and media outlets regarding the closure and bankruptcy of our company following our announcement on the Public Disclosure Platform on 18.03.2025 does not reflect the truth. As stated in our announcement, a temporary respite of three months has been granted from 18.03.2025 by the Bak\u0131rk\u00f6y 1st Commercial Court of First Instance with file number 2025\/255 to prevent foreclosure proceedings initiated by creditors, ensure the continuation of our production activities, protect the company\u2019s assets, and prevent any loss of rights for our investors trading on the stock exchange. Temporary concordat commissioners have been appointed, and precautionary measures have been ruled. <\/p>\n\n\n\n

Our company continues its regular activities, and negotiations will be held with all creditors, primarily banks, to restructure the company’s existing debts. <\/p>\n\n\n\n

This statement has been made within the scope of Article 9 of the Special Circumstances Communiqu\u00e9 titled \u2018Confirmation of News and Rumors.\u2019\u201d <\/p>\n\n\n\n

Ak\u0131n Tekstil had declared concordat<\/strong>\u00a0<\/h2>\n\n\n\n

Due to economic difficulties, Ak\u0131n Tekstil applied for a concordat to prevent foreclosure proceedings initiated by creditors, ensure the continuation of production<\/a> activities, protect the company’s assets, and prevent any loss of rights for small investors trading on the stock exchange. A temporary respite of three months was granted from 18.03.2025, and temporary concordat commissioners were appointed.\u00a0<\/p>\n\n\n\n

In the company’s statement to KAP on March 18, the following expressions were included: <\/p>\n\n\n\n

\u201cAs a result of the lawsuits filed by minority shareholders against our company, access to our company’s financing sources has become difficult, and due to the aforementioned reason, our image with banks has been damaged, making access to working capital impossible. In our sector, approximately 4-5 months pass from customer order to collection stage. During this period, if working capital is insufficient, the need for external financing becomes inevitable due to the time cost of money. The difficulties in obtaining external financing have led to the disruption of the necessary supply chain for production activities and a decrease in the ability to pay existing debts. <\/p>\n\n\n\n

Given this situation, a temporary respite of three months has been granted from 18.03.2025 by the Bak\u0131rk\u00f6y 1st Commercial Court of First Instance with file number 2025\/255 to prevent foreclosure proceedings initiated by creditors, ensure the continuation of our production activities, protect the company’s assets, and prevent any loss of rights for small investors trading on the stock exchange. Temporary concordat commissioners have been appointed, and precautionary measures have been ruled. Our company will continue its regular activities, and negotiations will be held with all creditors, primarily banks, to restructure the company’s existing debts. <\/p>\n\n\n\n

Within the scope of the report submitted to the court, we aim to overcome this difficult situation smoothly by spreading our debts over reasonable terms. In the ongoing process, all efforts will be made to ensure that company activities are not disrupted and cash flow is regulated, and developments during this process will be disclosed to the public within the scope of the legislation. <\/p>\n\n\n\n

Our Board of Directors’ decision dated 07.03.2025 has been made to postpone the public disclosure of this information within the scope of Article 6 of the Capital Markets Board’s (II-15.1) Special Circumstances Communiqu\u00e9 titled ‘Postponement of Public Disclosure of Inside Information,’ considering that it is possible to keep this information confidential to prevent damage to our company’s legitimate interests and to avoid misleading our investors, and by taking the necessary measures regarding the confidentiality of the information. <\/p>\n\n\n\n

At this point, since the reasons for postponing the public disclosure of inside information have been eliminated, this statement has been made.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

One of T\u00fcrkiye\u2019s leading fabric manufacturers, Ak\u0131n Tekstil, denied the claims in the media that the company had gone bankrupt following its concordat announcement to the Public Disclosure Platform (KAP) on March 18, 2025. In the statement to KAP on March 25, the company announced that its operations were continuing:\u00a0 \u201cThe news in some press […]<\/p>\n","protected":false},"author":26,"featured_media":61607,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[10369,12450],"class_list":{"0":"post-61609","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-textile-news-en","9":"tag-topical"},"yoast_head":"\nAk\u0131n Tekstil denies bankruptcy claims: \u201cOur operations continue\u201d - Textilegence<\/title>\n<meta name=\"description\" content=\"One of T\u00fcrkiye\u2019s leading fabric manufacturers, Ak\u0131n Tekstil, denied the claims in the media that the company had gone bankrupt following...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ak\u0131n Tekstil denies bankruptcy claims: \u201cOur operations continue\u201d\" \/>\n<meta property=\"og:description\" content=\"One of T\u00fcrkiye\u2019s leading fabric manufacturers, Ak\u0131n Tekstil, denied the claims in the media that the company had gone bankrupt following its concordat\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.textilegence.com\/en\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\/\" \/>\n<meta property=\"og:site_name\" content=\"Textilegence Magazine and Digital Platform\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-26T06:32:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-26T06:32:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2025\/03\/akin-tekstil.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ya\u011fmur Melis \u015eim\u015fek\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/textilegence\" \/>\n<meta name=\"twitter:site\" content=\"@textilegence\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ya\u011fmur Melis \u015eim\u015fek\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\\\/\"},\"author\":{\"name\":\"Ya\u011fmur Melis \u015eim\u015fek\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/cfa6baf17f0478131c673c93a9b88ef3\"},\"headline\":\"Ak\u0131n Tekstil denies bankruptcy claims: \u201cOur operations continue\u201d\",\"datePublished\":\"2025-03-26T06:32:13+00:00\",\"dateModified\":\"2025-03-26T06:32:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\\\/\"},\"wordCount\":659,\"publisher\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/akin-tekstil.jpg\",\"keywords\":[\"textile news\",\"topical\"],\"articleSection\":[\"Topical\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\\\/\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/akin-tekstil-denies-bankruptcy-claims-our-operations-continue\\\/\",\"name\":\"Ak\u0131n Tekstil denies bankruptcy claims: \u201cOur operations continue\u201d - 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