Linc Limited has informed the Exchange regarding 'Approval of further investment in Joint Venture Company'.
LINC · price
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Linc Limited's Board of Directors has approved an additional investment of USD 250,000 in Silka Linc Kirtasiye Urunleri Sanayi Anonim Sirketi, a joint venture company based in Turkey. The other JV partner, Silka Kirtasiye Imalat Sanayi Ve Ticaret Limited Sirketi, will invest an equal amount of USD 250,000. As both partners are contributing equally, there will be no change in Linc Limited's shareholding percentage in the joint venture. This investment was approved at the Board meeting held on 27th April 2026.
This is a relatively modest equity injection to support an existing international joint venture. Since there is no change in ownership structure and the investment amount is small (USD 250,000), the impact on Linc Limited's financials and stock price is expected to be minimal.