Allcargo Logistics Limited has informed the Exchange regarding ' Asiapac Turkey Tasimacilik Anonim Sirketi, step-down wholly owned subsidiary, has incorporated a Company in the name of ECU ESC Turkey Lojistik Hizmet Merkezi Anonim Sirketi '.
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Allcargo Logistics has informed exchanges that its step-down wholly owned subsidiary, Asiapac Turkey Tasimacilik Anonim Sirketi, has incorporated a new company called ECU ESC Turkey Lojistik Hizmet Merkezi Anonim Sirketi in Turkey on April 7, 2025. The new entity will operate as a logistics service center and is yet to commence business operations. It has a capital of TL 250,000 with paid-up capital of TL 62,500, and is 100% held by the step-down subsidiary. This is part of Allcargo's ongoing expansion of its logistics footprint in international markets.
This is a routine internal restructuring with minimal direct financial impact on shareholders, as it involves incorporating a new wholly owned subsidiary for logistics operations in Turkey. No immediate material effect on stock price is expected, though it signals continued international expansion.