Gibui Eitan Ltd acquired Ultra Equity Investments Ltd. (TASE:ULTR-M) in a reverse merger transaction on January 7, 2019. Half of the proceeds for the company were paid in cash, Gibui Eitan shareholders have become the controlling shareholders of 4.351 million ordinary shares from Ultra equity which represent 75% of Ultra Equity's capital. From date of completion Ultra Equity will operate through Gibui Eitan in its field.

Gibui Eitan Ltd completed the acquisition of Ultra Equity Investments Ltd. (TASE:ULTR-M) in a reverse merger transaction on January 7, 2019. On January 20, 2019, it was approved in the registrar of companies the change of name to Gibui Holdings Ltd.