The public is talking about the great loss experienced in the farmer establishment due to the unforeseen share sale in Agricultural Credit Cooperatives.
It was revealed that Hektaş shares, which had not been touched by any general manager in the Agricultural Credit Cooperatives for 50 years, and were not even sold in the period when the World Bank reports proposed to close them due to the financial crisis in the 2000s, were quietly sold to Oyak as a block on 3 August.
While the block sale of Hektaş shares was revealed in the minutes of the extraordinary general assembly last month, "Cooperative Agricultural and Credit Associations" partners and the public learned about the sale of shares from the Milli Gazete.
Hektaş shares at a rate of 3.8 percent (32 million 700 thousand units) belonging to Cooperative Agricultural and Credit Associations were sold as a block to Oyak Gıda ve Tarım Holding AŞ, a subsidiary of OYAK, at a discount of 5 percent from the Borsa Istanbul closing price, at 33.74 liras. .
The fact that Hektaş shares made a premium of nearly 200 percent in 80 days after the block share sale revealed that the block share sale was sold without any market research.
WHY ARE THE SHARES SOLD WHEN IT IS KNOWN TO BE INCREASE OF CAPITAL?
While it is significant that 32 million 700 thousand shares were sold before the capital increase, although it is known that Hektaş will make a 200 percent capital increase, both with and without a bonus, it is significant that Hüseyin Aydın did not make any statement to Cooperative Agricultural and Credit Associations partners and the public regarding the block share sale. reveals.
The fact that the sale of Hektaş shares was brought to the agenda of the extraordinary general assembly held on September 24, although it is under the authority of the administration, and that it was approved without transparently informing the delegates, also reveals the extent of the scandal.
The Board of Directors and the General Manager quietly approved this decision without informing the delegates in any way regarding the sale of Hektaş shares as a block, and made it clear that they would associate all the delegates attending the extraordinary general assembly to the crime committed.
They also saved themselves from being prosecuted for the loss suffered by Cooperative Agricultural and Credit Associations due to the unpredictable sale of shares.
DEEP SILENCE AT THE MINISTRY OF AGRICULTURE ABOUT THE UNSHOWED SHARE SALE!
Hüseyin Aydın's failure to make any statement to the Agricultural Credit partners and the public regarding the block share sale, which caused the Agricultural Credit Cooperatives to lose 1.7 billion liras in 80 days, caused reactions.
It is noteworthy that the Ministry of Agriculture and Forestry, on the other hand, did not initiate any action regarding the unpredictable sale of shares and the great damage to Agricultural Credit Cooperatives and the country's agriculture.
Hektaş shares, which were not sold even in the period when the Agricultural Credit Cooperatives were thought to be closed due to the economic crisis in the 2000s, were sold today for what reason?
According to what prediction was the block sale of 3.8 percent of shares made at a time when Hektaş was expected to increase capital and stocks would rise?
Has a market research been done?
If a market research was conducted, which company/institution was it made?
If these shares are sold without a market research, what action will be taken against the authorities due to the loss of 1.7 billion liras to the Agriculture Credit and the country's agriculture?