Lapidoth Capital Ltd completed the acquisition of an additional 20.5% stake in Suny Electronic Inc. Ltd. from shareholders.
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.