Bank Leumi has filed an urgent petition to the Tel Aviv District Court to be allowed to appoint directors in real estate company Jerusalem Economy Ltd. (TASE:ECJM) (JEC) to replace the controlling shareholder in the company, Eliezer Fishman, and his associates. The company's private placement yesterday raised NIS 200 million. The investors, investment institutions and other investors, received a 15.7% discount on the market price (36 million shares were issued at NIS 5.55 a share, amounting to 31% of the company's share capital after the offering). The participants in the private placement also received six-month options to purchase additional shares for NIS 50 million. RELATED ARTICLES Fishman reaches agreement with Leumi Bank Leumi seeks receiver for Jerusalem Economy Jerusalem Economy sale to Nakash bros breaks down Eliezer Fishman is the controlling shareholder in "Globes." Published by Globes [online], Israel business news - www.globes-online.com - on November 5, 2015 © Copyright of Globes Publisher Itonut (1983) Ltd. 2015
