Micronet Enertec purchased 3.9% of Micronet and increased ownership to 62.5% Micronet Enertec announced that its wholly owned subsidiary Enertec Electronics, Ltd. signed a definitive agreement to acquire 736,341 shares of Micronet constituting 3.9% of the issued and outstanding shares of Micronet from Rafi Katz, Micronet's former CEO. The consideration for the purchased shares is $642,000. After closing of the transaction, the Company's ownership will increase to 62.5% of the issued and outstanding shares of Micronet.
News For MICT From The Last 14 Days
Check below for free stories on MICT the last two weeks.