Lapidoth Capital Ltd (TASE:LAPD) made an offer to acquire remaining 24.78% stake in Suny Electronic Inc. Ltd. from shareholders for ILS 13.5 million on February 20, 2020. Under the terms, Lapidoth Capital will acquire 3.6 million shares at an offer price of ILS 3.75 per share in Suny Electronic Inc. Ltd.

Lapidoth Capital Ltd (TASE:LAPD) completed the acquisition of remaining 24.78% stake in Suny Electronic Inc. Ltd. from shareholders on March 8, 2020. As on March 8, 2020, Lapidoth Capital Ltd acquired additional 2.97 million shares. As on March 12, 2020, Lapidoth Capital announced mandatory purchase of 622,533 shares of Suny Electronic at the price of ILS 3.75 per share totaling ILS 2.3 million as conditions for mandatory purchase were met. With completion of the acquisition, Lapidoth Capital controls the full share capital of the Company, and will become a private company.