The board of directors of Kyokuyo Co. has informed that one of its subsidiaries, Kyokuyo Europe B.V, will undertake the third-party allocation of newly issued shares through a capital increase by Kocaman Fisheries Export and Import Trade, a Turkish seafood processor.
According to a statement released by the Japanese company, this acquisition involves obtaining shares from existing shareholders, resulting in the subsidiary becoming a subsidiary of the company.
The Kocaman family whose commercial business dates back to the establishment of the Turkish Republic has been investing in processed fishery and has determined its vision of being one of the leading companies in the Industry.
Kyokuyo was founded in 1937 as a fishing company focused on several kinds of capture fisheries. It also trades, processes, and distributes precious seafood from all over the world.