Aryt Industries Announces the Signing of a Share Issue Agreement.Business Editors/Technology Writers TEL-AVIV, Israel--(BUSINESS WIRE)--June 19, 2000 Aryt Industries Ltd. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: ARYTF)(TASE TASE Tel Aviv Stock Exchange TASE The All Seeing Eye TASE Tactical Air Support Element TASE Thrust Assessment Support Environment TASE Telecontrol Application Service Elements (IEC communications protocol) :ARYT) announced the signing of a Share Issue Agreement between Aryt, Reshef Technologies Ltd. ("Reshef"), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Aryt, and Soltam This article or section may contain original research or unverified claims. Please help Wikipedia by adding references. See the for details. This article has been tagged since September 2007. Systems Ltd. ("Soltam"). Under terms of the agreement, Soltam will purchase 26% of Reshef's outstanding shares for US$1.5 million. On the same date, Reshef will purchase all business activities and assets related to the development, manufacturing and sale of electronic fuzes of K.M. Fuzes Engineering Ltd. ("K.M."), a subsidiary of Soltam, for US$1.5 million. Both transactions are subject to certain pre-closing conditions and the receipt of various approvals required by law. Aryt is a holding company doing business through its subsidiaries. |
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