Kafein has publicly declared (via KAP.org )  the approval of The Turkish Ministry of Trade regarding the amendment to the core contract of Kafein relating to their registered capital upper limit increase and validity period extension.

According to the declaration, the company received approval from the ministry of trade regarding the increase of capital from 50 million TRY to 200 million. The core contract amendment was approved by the CMB on February 12, following the approval from the ministry within the day, the capital was raised to 200 million TRY. The registered capital upper limit will be valid until the year 2025

The issued capital rests at 19.750.000 currently.

After the early declaration in the morning, the shares rose by %8 to 32 TRY, and declined to a %5 raise and was processed by 30TRY at the end of the day. Company stocks have risen %42 from the start of the year.

Source: Para Ajansı