Elco Ltd. (TASE:ELCO) entered into an agreement to sell 35% stake in a property in China for approximately ILS 440 million January 7, 2016. Under the terms of agreement, the buyer will deposit no later than January 15, 2016 the consideration, which will be locked and released until June 30, 2016 upon the fulfillment of pre-conditions. Elco Ltd. (TASE:ELCO) cancelled the acquisition of 35% stake in a property in China on January 7, 2017.