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Hedef Holding failed to repay a 1.1 billion lira ($22.04 million) money-market borrowing at maturity, its lawyer said, citing legal measures targeting its controlling shareholder. Shares have slumped 97% since Aug 5.
Hedef Holding BIST:HEDEF failed to repay a 1.1 billion lira ($22.04 million) money-market borrowing at maturity, the company's lawyer said on Tuesday.The lawyer cited legal measures targeting its controlling shareholder leading to a loss of access to funding sources at the company, which engages in…