Adoption of the Management Board’s resolution on the establishment of a subsidiary company
(Current report No. 14/2013)
12.03.2013 /Issuer/
Legal basis:
Art. 56 sec. 1 item 1 of the Act on Offerings – confidential information
CCC SA announces that on 12 March 2013, the Management Board, continuing the expansion and development of foreign adopted the resolution on the establishment of CCC Shoes Ayakkabıcılık Ticaret Limited Sirketi, based in Istanbul, Turkey. CCC SA will cover 100% of the shares in the above mentioned company, representing 100% of the votes at the shareholders meeting. The value of the Company's initial capital will amount to 50,000 TRY (in words: fifty thousand Turkish Liras).
The core business of the established company will include the distribution of goods supplied by CCC S.A. on the territory of Turkey.
The Issuer will inform about the signing of the founding documents of the Company in a separate report.