Türk Alt?n ??letmeleri stock gets Koza Ltd winding-up order
Published on 10/31/2026 at 01:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKoza ruling changes the outlook
- The English High Court ordered Koza Ltd to be wound up after a prolonged control dispute.
- The ruling followed a deadlock between Türk Alt?n ??letmeleri and Koza Ltd's sole director.
- The decision may allow the Turkish gold miner to resolve a long-running corporate impasse.
On October 6, 2026, the English High Court ordered Koza Ltd to be wound up after finding that the dispute between Türk Alt?n ??letmeleri and the company's sole director had reached an insupportable position. ICLG reported that the decision followed a nine-year corporate control battle.
Court ends a prolonged deadlock
Justice Thompsell ruled that Koza Alt?n ??letmeleri, which owns all of Koza Ltd's ordinary shares and therefore virtually all of its economic interest, could not exercise effective control over the English subsidiary. Hamdi Akin Ipek, the sole director, retained extensive blocking powers through a special share despite holding no material economic interest.
The court rejected the argument that third-party offers to buy the shares or mining interests provided a sufficient alternative to liquidation. ICLG said the judge cited concerns over valuation, funding and the identity of the parties behind those proposals.
The ruling also establishes the legal route for resolving a corporate impasse that had continued despite shareholder resolutions aimed at winding down operations, reducing capital, making a dividend payment and providing company records. The court found that those measures had not restored effective control.
Gold mining remains the core business
Türk Alt?n ??letmeleri operates gold mines and related exploration and processing activities in Türkiye. Its company profile lists operations including Ovac?k, Çukuralan, Himmetdede, Kaymaz, Mollakara and Mastra, alongside silver and other precious-metal production. The business emphasizes mine development, resource management, environmental protection and workplace safety.
Turkey's BIST 100 market reports provide the broader backdrop for local equities.
More news and analyses on Türk Alt?n ??letmeleri stock will follow developments in the Koza Ltd winding-up process.
