[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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English
oda_NoncurrentAssetSaleAbstract|
Non-Current Asset Sale
oda_UpdateAnnouncementFlag|
Update Notification Flag
Hayır (No)
oda_CorrectionAnnouncementFlag|
Correction Notification Flag
Hayır (No)
oda_DateOfThePreviousNotificationAboutTheSameSubject|
Date Of The Previous Notification About The Same Subject
-
oda_DelayedAnnouncementFlag|
Postponed Notification Flag
Hayır (No)
oda_AnnouncementContentSection|
Announcement Content
oda_NatureOfNonCurrentAssetSold|
Nature of Non Current Asset Sold
Our Associate Gensenta İlaç Sanayi ve Ticaret A.Ş. ("Gensenta")'s land together with raw material production facilities (excluding machinery and equipment)
oda_LocationAndAreaOfNoncurrentAssetSold|
Location and Area of Non-current Asset Sold
The land with a total area of 58,725.12 square meters, registered under parcel 10, block 412, in the Şekerpınar 2 Neighborhood, Çayırova District, Kocaeli Province, together with the raw material production facilities with a closed area of 20,670.49 square meters, excluding machinery and equipment, located on the same land.
oda_BoardDecisionDateForSale|
Board Decision Date for Sale
21/11/2024
oda_WereMajorityOfIndependentBoardMembersApprovedTheBoardDecisionForSale|
Were Majority of Independent Board Members' Approved the Board Decision for Sale?
Our associate Gensenta does not have an independent board member.
oda_TotalSalesValue|http://www.xbrl.org/2003/role/verboseLabel
Total Sales Value
783.148.140 TL
oda_RatioOfTransactionAmountToValueOfCompanyBasedOnTheMathematicalWeightedAverageOnADailyBasisSixMonthsPriorToDateOfBoardDecision|
Ratio of Transaction Amount to Value of Company Based on the Mathematical Weighted Average on a Daily Basis, Six Months Prior to Date of Board Decision (%)
2,34
oda_RatioOfSalesPriceToPaidInCapitalOfCompany|
Ratio of Sales Price to Paid-in Capital of Company (%)
114,28
oda_RatioOfSalesValueToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Sales Value to Total Assets in Latest Disclosed Financial Statements of Company (%)
1,37
oda_RatioOfSalesValueToTotalNetNoncurrentAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Sales Value to Total Net Non-current Assets in Latest Disclosed Financial Statements of Company (%)
15,33
oda_RatioOfValueOfNoncurrentAssetToTotalAssetsInLatestDisclosedFinancialStatementsOfCompany|
Ratio of Value of Non-current Asset to Total Assets in Latest Disclosed Financial Statements of Company (%)
1,45
oda_RatioOfTransactionValueToSalesInLatestAnnualFinancialStatementsOfCompany|
Ratio of Transaction Value to Sales in Latest Annual Financial Statements of Company (%)
12,09
oda_SalesConditions|
Sales Conditions
Peşin (Cash)
oda_DateOnWhichRheTransactionWasWillBeCompleted|
Date on which the Transaction was/will be Completed
21.11.2024
oda_AimOfSaleAndEffectsOnCompanyOperations|
Aim of Sale and Effects on Company Operations
Considering the development of technology and the increasing need for efficiency, it is assessed that additional investment is required in raw material production facilities in order to sustain production in line with current conditions. However, due to the difficulties related to the commercialization of the products produced at the facility, it is evaluated that these investments are not economically and operationally feasible.
oda_ProfitLossArisedAfterSaleOfNoncurrentAsset|
Profit / Loss Arised After Sale of Non-Current Asset
The profit/loss to be reflected in our consolidated financial statements as a result of the sale transaction to be carried out by our associated company will be observable in our financial statements as of December 31, 2024, and no significant impact is expected.
oda_HowWillSalesProfitBeUsedIfExists|
How will Sales Profit be Used if Exists?
The amount that our associate Gensenta will obtain from the sale can strengthen Gensenta's cash position and may be considered as an alternative source of financing for investments aimed at achieving its growth targets in the finished pharmaceutical product manufacturing sector.
oda_BoardDecisionDateForUseOfSalesProfitIfExists|
Board Decision Date for Use of Sales Profit if Exists
-
oda_CounterParty|
Counter Party
Legal entity, domestic institutional investor
oda_IsCounterPartyARelatedPartyAccordingToCMBRegulations|
Is Counter Party a Related Party According to CMB Regulations?
Hayır (No)
oda_NatureofRelationWithCounterParty|
Nature of Relation with Counter Party
Under the capital markets legislation, the counterparty has no direct or indirect relationship with our company in terms of management, audit, or capital.
oda_AgreementSigningDateIfExists|
Agreement Signing Date if Exists
-
oda_ExercisePriceOfRetirementRightRelatingToSignificantTransaction|
Exercise Price of Retirement Right Relating to Significant Transaction
It is not a significant transaction.
oda_ValueDeterminationMethodOfNoncurrentAsset|
Value Determination Method of Non-Current Asset
Negotiated procedure.
oda_DidValuationReportBePrepared|
Did Valuation Report be Prepared?
Düzenlenmedi (Not Prepared)
oda_ReasonForNotPreparingValuationReportIfItWasNotPrepared|
Reason for not Preparing Valuation Report if it was not Prepared
Price is determined by negotiation.
oda_DateAndNumberOfValuationReport|
Date and Number of Valuation Report
-
oda_TitleOfValuationCompanyPreparedReport|
Title of Valuation Company Prepared Report
-
oda_ValueDeterminedInValuationReportIfExists|
Value Determined in Valuation Report if Exists
-
oda_ReasonsIfTransactionWasntWillNotBePerformedInAccordanceWithValuationReport|
Reasons if Transaction wasn't/will not be performed in Accordance with Valuation Report
-
oda_ExplanationSection|
Explanations
oda_ExplanationTextBlock|
In the meeting held on 21.11.2024 by the Board of Directors of our associate Gensenta İlaç Sanayi ve Ticaret A.Ş.'nin ("Gensenta"), it was decided to sell the land with total area of 58,725.12 square meters, registered under parcel 10, block 412, in the Şekerpınar 2 Neighborhood, Çayırova District, Kocaeli Province, together with the raw material production facilities with a closed area of 20,670.49 square meters, excluding machinery and equipment, located on the same land, for 783,148,140 TL. The sale transaction was completed on 21.11.2024, and the registration process at the land registry was carried out, with the payment being collected by Gensenta.

The delivery date of the real estate to the buyer has been set as 31.12.2025. Production at the facility is planned to continue until this date, based on the needs of Gensenta's stakeholders. Significant developments that gain certainty regarding the process will be disclosed to the public.

The sale is not expected to have a significant impact on our company's operations or consolidated financial results.

This statement has been translated into English for informational purposes. In case of a discrepancy between the Turkish and the English versions of this disclosure statement, the Turkish version shall prevail.