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To create synergy and support operational excellence studies in our Companies's North America structuring, the merger process under the name of Axiom Materials Inc for Axiom Materials Inc and Advanced Honeycomb Technologies Corp. which are 100% subsidaries of our subsidiary Kordsa Inc has been started to obtain the legal permissions. Except the operational excellence effects creating by synergies, this merger transaction has no financial impact on our consolidated financials. |
We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.