2024-01-03 13:15:00
Way Box Company announced that it is selling approximately 30.5 million shares, which represents 10.2% of its capital, and options for April MA and Elad Europe for NIS 20 million. The company entered into an agreement with April MA Real Estate Agency Ltd. and Elad Europe Ltd., fully owned by Yitzhak Teshuva and fully controlled by Elad Sharon, where it undertook to allocate 30,534,351 ordinary shares in exchange for a total amount of NIS 20 million.
In addition, the company will assign approximately 15.2 million options (non-tradable) that can be exercised in accordance with the agreement. This collaboration with Tshuva and his son comes about a year and a half after a significant joint venture that was signed by YBOX. The hotel giant Fatal became an interested party in the company with the purchase of 10% of its shares in May 2022.
Yossi Turgeman, CEO of the YBOX Real Estate Group, expressed his satisfaction with the cooperation with Yitzhak Tshuva and sees it as a clear expression of confidence in YBOX’s abilities and its existing and future activities. The cooperation is expected to strengthen the company’s existing housing and real estate activities, as well as to expand its urban renewal activity.
Furthermore, the company has open job positions for an editor/reporter and secretarial positions. The job can be part-time and offers flexibility in working hours, including the option to work from home. Those with writing experience and basic familiarity with the capital market are preferred. Interested individuals can leave their details for consideration.
Overall, Way Box Company’s announcement of the sale of its shares and options, along with its collaboration with Yitzhak Tshuva, represents a significant development in the company’s growth and expansion.
#Yitzhak #Tshuva #buys #YBOX #shares